Tag: India: BigMint’s ferrous scrap index softens by INR 600/t d-o-d amid cautious steel market

Sponge iron prices dip INR 100/t d-o-d Semis, finished steel prices decrease INR 200-250/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 600/tonne (t) d-o-d to INR 41,500/t DAP on 12 October 2026. Mandi Gobindgarh’s secondary steel market is grappling with subdued finished steel demand, prompting a majority of mills…