Tag: India: BigMint’s ferrous scrap index drops INR 200/t d-o-d on weak steel market sentiment

Sponge iron prices decline by INR 300/t d-o-d Finished steel weakness pressures scrap sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 39,200/t DAP on 7 May 2026. Scrap prices decreased by INR 200-400/t d-o-d as subdued finished steel demand and limited buying activity weighed…