Tag: finished steel demand India

India: BigMint’s scrap index drops INR 300/t d-o-d and INR 700/t w-o-w on lackluster steel demand

May 22, 2026

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by

Tarun Naidu

in Melting Scrap

Rebar prices decline by INR 700/t w-o-w Weak finished steel offtake pressures scrap prices BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 37,300/t DAP on 22 May 2026. Scrap prices in the region fell by INR 700/t w-o-w. Mandi Gobindgarh, a key secondary steel hub…