Author: Tarun Naidu

India: BigMint’s ferrous scrap index softens INR 200/t d-o-d on sluggish steel demand

Oct 7, 2026

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices decrease INR 400/t d-o-d Power outages, liquidity constraints weigh on trading BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/t d-o-d to INR 43,200/t DAP on 7 October 2026. Scrap prices in the region edged down by INR 200/t today, amid thin trading activity. Mandi Gobindgarh market…