Tag: Ganesh Chaturthi market holiday Mumbai steel

India: BigMint’s ferrous scrap index slips INR 100/t d-o-d amid cautious steel market

Sep 14, 2026

—

by

Tarun Naidu

in Melting Scrap

Buyers stay on sidelines after sharp price rally in previous week Steelmakers reduce scrap bids amid healthy material inflows BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 100/t d-o-d to INR 43,200/t DAP on 14 September 2026. Mandi Gobindgarh, India’s key secondary steel hub, saw softer market sentiment. Market participants…