Tag: India: BigMint’s ferrous scrap index jumps INR 600/t d-o-d on strong steel demand

Sponge iron prices increase by INR 300/t Finished steel rally drives market sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 600/tonne (t) d-o-d to INR 41,500/t DAP on 7 April 2026. Within two working days scrap prices in the region have increased by INR 1,400-1,600/t. Mandi Gobindgarh’s steel market…