Tag: 400/t

India: BigMint’s ferrous scrap index drops by INR 400/t d-o-d as steel demand stays muted

Jan 20, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices inches up by INR 100/t today Semis, finished steel prices soften by INR 200-400/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 500/tonne (t) d-o-d to INR 38,400/t DAP on 20 January 2026. Steel demand in Mandi Gobindgarh remained subdued across both trading sessions today, as…