Tag: GST impact on scrap trade

India: BigMint’s ferrous scrap index climbs INR 300/t as steel prices strengthen

Aug 18, 2026

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by

Tarun Naidu

in Melting Scrap

Tight scrap supply, steady spot demand lift prices Semis, finished steel prices move up by INR 200-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 300/tonne (t) d-o-d to INR 38,800/t DAP on 18 Aug 2026. The Mandi Gobindgarh secondary steel market firmed d-o-d, with scrap-to-finished steel prices improving by…