Tag: India: BigMint’s ferrous scrap index drops by INR 400/t d-o-d as steel demand stays muted

Raw material prices remain stable d-o-d Semis, finished steel prices increase by INR 100-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,200/tonne (t) DAP on 3 February 2026. Key secondary steel hub Mandi Gobindgarh witnessed mixed trends today, as bid-offer disparities continued to persist. Scrap buyers remained…