Tag: India: BigMint’s ferrous scrap index slides INR 200/t d-o-d

Scrap prices supported by tight availability Softened steel prices, labor shortages continue to squeeze industry margins BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 39,000/t DAP on 8 May 2026.The regional scrap index witnessed a marginal uptick of INR 100-150/t this week, a movement fueled…