Tag: 400/t

India: BigMint’s ferrous scrap index rises INR 100/t d-o-d, INR 1,100/t w-o-w

Jan 23, 2026

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by

Tarun Naidu

in Melting Scrap

Rise in steel prices pushes up scrap offers despite heavy rains Some sellers forced to offer discounts amid surplus scrap supply BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 38,800/t DAP on 23 January 2026. Moreover, the index increased by INR 1,100/t w-o-w. Persistent…