Tag: domestic vs imported scrap

Scrap and sponge iron prices continue to decline Weak finished steel offtake keeps market sentiment cautious BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, softened by INR 200/tonne (t) d-o-d to INR 37,600/t DAP on 20 May 2026. Overall, scrap prices in the region declined by INR 100-300/t d-o-d. A mill owner informed…