Tag: India: BigMint’s ferrous scrap index softens as steel market shows mixed trend

Scrap prices decline as buyers anticipate further corrections Semis,finihsed steel prices dips INR 300-450/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 500/t d-o-d to INR 37,800/tonne (t) DAP on 8 June 2026.Market activity remained subdued as buyers adopted a cautious approach, expecting further price corrections across the steel…