Tag: conversion margins semis to finished steel

India: BigMint’s ferrous scrap index climbs up by INR 300/t d-o-d as demand improves

Jan 14, 2026

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by

Tarun Naidu

in Melting Scrap

Local mill restocking lifts scrap demand, prices Demand rises despite thin festive participation BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 37,300/t DAP on 14 January 2026. Scrap prices in Mandi Gobindgarh, one of India’s most influential secondary steel hubs, moved sharply higher today as…