Tag: CFR Chennai scrap price

India: BigMint’s ferrous scrap index dips d-o-d as weak steel demand weighs on buying

Jul 2, 2026

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by

Tarun Naidu

in Melting Scrap

Power outages, output cuts at mills dampen scrap demand Tight liquidity, labour shortages limit steel market activity BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 100/tonne (t) d-o-d to INR 38,200/t DAP on 2 July 2026. Mandi, a key price-indicator market for secondary steel mills, recorded cautious buying as steel…