Author: Tarun Naidu

India: BigMint’s ferrous scrap index remains stable d-o-d amid moderate steel market sentiment

Jul 9, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices drop by INR 100/t today Finished steel prices remain stable d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 37,500/t DAP on 9 July 2026. Mandi Gobindgarh’s secondary steel market witnessed moderate buying activity today with scrap and finished-steel prices remaining largely unchanged; mills reported…