Tag: GST checks. Alang scrap dips INR 200/t. Sponge iron

India: BigMint’s ferrous scrap index rises INR 400/t amid supply concern and GST checks

Mar 16, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 300/t d-o-d Semis, finished steel prices jumps INR 200-400/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/tonne (t) d-o-d to INR 38,100/t DAP on 16 March 2026. The Mandi Gobindgarh scrap market surged INR 400-500/t today, primarily driven by sluggish inflows from…