Tag: India: BigMint’s ferrous index slips INR 200/t d-o-d; surplus arrivals of scrap

Finished steel prices ease despite largely stable feedstock costs Secondary mills remain cautious as GST checks curb buying BigMint’s domestic end-cutting scrap index for Mandi Gobindgarh declined by INR 200/t d-o-d to INR 38,300/t DAP on 28 January 2026, extending the recent downtrend. Over the past few sessions, scrap prices in the region corrected by…