Tag: GST checks steel market

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

Jun 22, 2026

—

by

Tarun Naidu

in Melting Scrap

Arrivals improve, pushing suppliers to trim offers Mills lift sponge iron usage amid tight scrap supply BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,800/t DAP on 22 June 2026. In the region, weak end-user demand kept pressure on the key secondary steel market, Mandi…