Author: Tarun Naidu

India: BigMint’s ferrous scrap index drops INR 100/t d-o-d amid lackluster steel demand

Jul 7, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain stable d-o-d Scrap to finished steel prices dip INR 100-200/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 100/tonne (t) d-o-d to INR 37,400/t DAP on 7 July 2026. Due to muted buying interest and weakening demand for finished steel, scrap prices in the region…