Tag: India: BigMint’s ferrous scrap index slips INR 400/t as weak steel demand weighs on market

GST inspections tighten domestic scrap availability  Sponge to finished steel prices increase by INR 150-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 38,300/t DAP on 12 August 2026. A mill owner informed: “Persistent scrap shortages and intensified GST checks continued to weigh on Mandi’s…