Tag: February 2026 steel auction

India: BigMint’s ferrous scrap index drops by INR 300/t d-o-d as steel demand stays muted

Feb 12, 2026

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by

Tarun Naidu

in Melting Scrap

Raw materials prices remain stable d-o-d Semis, finished steel prices dip INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 38,400/t DAP on 12 Feb 2026. Scrap prices in the region have fallen by INR 500-600 per tonne over the past few days, as…