Tag: India: BigMint’s ferrous scrap index climbs INR 700/t on moderate steel demand

India: BigMint’s ferrous scrap index rises by INR 700/t d-o-d, INR 1,300/t w-o-w

Oct 1, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap prices rise amid moderate buying interest Semis and finished steel prices gain INR 1,000-1,300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 700/tonne (t) day-on-day to INR 43,400/t DAP on 1 October 2026. The scrap index increased by INR 1,300/t week-on-week, while other scrap grades witnessed a sharp rise…