Tag: India: BigMint’s ferrous scrap index slips INR 300/t as weak steel demand weighs on market

Scrap arrivals rise as GST checks ease Weak mill margins keeps buyers cautious BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 300/tonne (t) d-o-d to INR 42,200/t DAP on 02 Sept 2026. Mandi Gobindgarh, a key secondary steel cluster, saw scrap prices ease by INR 300-600/t today as arrivals surged…