Tag: India: BigMint’s ferrous scrap index drops INR 100/t as steel demand softens

Sponge iron prices dip by INR 100/t d-o-d Semis, finished steel prices down INR 100-200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 37,500/t DAP on 7 January 2026. The steel market remained largely inactive throughout the day as buyers continued to adopt a wait-and-watch…