Tag: GST checks steel market

India: BigMint’s scrap index slips INR 200/t d-o-d as muted buying weighs on sentiment

Jun 11, 2026

—

by

Tarun Naidu

in Melting Scrap

Inventory & logistics weigh on near‑term outlook. Weak steel demand makes scrap buying selective. BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 37,900/t DAP on 11 June 2026. Buying remained subdued today, led by weaker demand for scrap and semi‑finished steel despite minor spot price…