Tag: India: BigMint’s ferrous scrap index soften on weak steel demand

Sponge iron prices dip INR 200/t d-o-d Semis, finished steel prices drop  BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, softened by INR 300/tonne (t) d-o-d to INR 37,600/t DAP on 25 March 2026. Scrap prices in the region declined by INR 300-400/t d-o-d. Today, scrap arrivals in Mandi Gobindgarh were slightly better…