Tag: India: BigMint’s ferrous scrap index rises INR 100/t; moderate market sentiments

India: BigMint’s scrap index rises INR 200/t d-o-d but dips by INR 100/t w-o-w; market sentiment remains cautious

Jul 17, 2026

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by

Tarun Naidu

in Melting Scrap

Steel demand picks up today amid power cut-driven supply concerns Semis, finished steel prices decline w-o-w amid subdued demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/t d-o-d to INR 37,500/tonne (t) DAP on 17 July 2026. However, the index dipped by INR 100/t w-o-w; prices of other grades…