Tag: India: BigMint’s ferrous scrap index declines INR 400/t d-o-d

India: BigMint’s ferrous scrap index declines INR 400/t d-o-d, INR 2,000/t w-o-w

Oct 16, 2026

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by

Tarun Naidu

in Melting Scrap

Weak steel demand, inventory pressure weigh on scrap prices Higher domestic scrap arrivals prompt mills to limit procurement BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 400/tonne (t) d-o-d to INR 40,300/t DAP on 16 October 2026. Scrap prices in the region fell by INR 1,750-2,000/t w-o-w, with the index…