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

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

Oct 23, 2026

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by

Tarun Naidu

in Melting Scrap

Cautious mill procurement and adequate scrap availability weigh on prices Finished steel markets remain mixed amid subdued buying activity BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 400/tonne (t) d-o-d to INR 40,000/t DAP on 23 October 2026.Prices across other scrap categories slipped INR 100-200/t w-o-w, weighed down by restricted…