Tag: BigMint ferrous scrap index

India: BigMint’s scrap index stable d-o-d as weak steel demand caps market momentum

Jun 15, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap and sponge iron prices remains firm d-o-d Weak finished steel demand and inventory pressure keep mills cautious BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 37,900/tonne (t) DAP on 15 June 2026. Scrap demand in Mandi Gobindgarh remained moderately robust despite mildly slow arrivals, but tepid finished-steel…