Tag: India: BigMint’s ferrous scrap index slides INR 500/t d-o-d amid surplus influx

India: BigMint’s ferrous scrap index drops INR 100/t d-o-d and INR 250/t w-o-w

Jan 30, 2026

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by

Tarun Naidu

in Melting Scrap

Surplus domestic scrap piles pressure on prices GST inspections disrupt trade flows, keep spot deals limited BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 38,400/t DAP on 30 January 2026.However, the index decreased by INR 250/t w-o-w. Steel market activity in Mandi Gobindgarh remained moderate,…