Tag: Holi festival steel market impact

India: BigMint’s ferrous scrap index remains stable d-o-d amid moderate market sentiment

Mar 10, 2026

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by

Tarun Naidu

in Melting Scrap

Slow scrap arrivals allow sellers to keep offers firm LNG shortages may force mills to cut steel production BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,000/tonne (t) DAP on 10 March 2026. In Mandi Gobindgarh, a key Indian secondary steel hub, the steel market showed moderate demand…