Tag: India: BigMint’s ferrous scrap index drops INR 200/t d-o-d; cautious steel market

Healthy scrap demand, slow arrivals support prices Weak finished steel demand, high mill stocks cap upside BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,900/tonne (t) DAP on 28 April 2026. Scrap demand in Mandi Gobindgarh, a key secondary steel hub in India, remained moderately strong, while scrap…