Tag: India: BigMint’s ferrous scrap index drops INR 100/t d-o-d amid muted steel demand

Mills restrict scrap purchases to immediate requirements Power cuts curb steel production, weighing on demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, moved down by INR 100/t d-o-d to INR 41,600/t DAP on 07 September 2026. Mandi Gobindgarh, a key secondary steel hub, witnessed a softer trend today as major buyers remained…