Tag: HMS price Chennai

India: BigMint’s ferrous scrap index slips by INR 200/t d-o-d amid soft steel market

Jul 1, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dips by INR 200/t d-o-d Weak finished steel demand weighs on market BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 38,300/t DAP on 1 July 2026.Weak end-user demand kept pressure on Mandi Gobindgarh today, triggering sharp price corrections across scrap and finished…