Tag: billet end-cutting spread Mandi

India: BigMint’s ferrous scrap index hits 6-week low amid surplus scrap arrivals

Feb 19, 2026

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by

Tarun Naidu

in Melting Scrap

Weak demand, rising steel inventories weigh on scrap prices Tight liquidity, market uncertainty limit imported scrap trade BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 400/tonne (t) d-o-d to INR 37,400/t DAP on 19 February 2026. In Mandi Gobindgarh, India’s key secondary steel market, steel scrap prices reached a six-week…