Author: Tarun Naidu

India: BigMint’s ferrous scrap index drops INR 400/t as weak steel demand weighs

Oct 8, 2026

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices decrease INR 400/t d-o-d Semis, finished steel prices dip INR 200-500/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 400/tonne (t) d-o-d to INR 42,800/t DAP on 8 October 2026. The correction came as weak finished steel realisations, particularly for rebar and structural steel, pressured secondary mills’…