Tag: declines w-o-w amid subdued steel demand

India: BigMint’s scrap index rises d-o-d but declines w-o-w on subdued steel demand

May 15, 2026

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by

Tarun Naidu

in Melting Scrap

Rebar prices in Mandi drop INR 1,150/t w-o-w Steel mills face squeezed margins, inventory pressure BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/t day-on-day (d-o-d) to INR 38,400/t DAP on 15 May 2026. Despite the marginal daily uptick, scrap prices remained under pressure on a weekly basis, declining by…