Tag: HR strip

India: BigMint’s ferrous scrap index holds steady d-o-d; weekly gains sustained

Jul 31, 2026

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by

Yashika Agrawal

in Melting Scrap

Scrap shortage supports prices despite cautious mill buying Softer steel market limits upside as downstream demand remains subdued BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 37,900/t DAP on 31 July 2026. Prices increased by INR 200-300/t on a w-o-w basis, supported by A shortage of scrap in…