Tag: India: BigMint’s ferrous scrap index climbs INR 500/t d-o-d amid supply shortage and GST concern

Sponge iron prices increase by INR 300/t d-o-d Steel, raw material prices rise on improving sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 600/t d-o-d to INR 38,500/tonne (t) DAP on 3 Aug 2026. Scrap prices rose by INR 500-600/t in today’s trading session amid a scrap shortage, while…