Tag: India: BigMint’s ferrous scrap index dips amid subdued trading on fiscal year-end

Buyers stay away, expecting near-term price drops Sponge prices stable, ingot falls on weak demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 38,700/t DAP on 31 March 2026. The decline comes amid thin trading activity on the final day of the fiscal year, with…