Tag: India: BigMint’s ferrous scrap index drops by INR 300/t d-o-d as steel demand stays muted

India: BigMint’s ferrous scrap index climbs up by INR 900/t d-o-d as demand improves

Mar 2, 2026

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by

Tarun Naidu

in Melting Scrap

Pre-Holi restocking, Iran war spark price hikes Semis, finished steel prices surge by INR 1,000/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 900/tonne (t) d-o-d to INR 37,300/t DAP on 02 March 2026. Scrap prices in Mandi Gobindgarh — one of India’s key secondary steel hubs — surged today…