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

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

May 11, 2026

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by

Tarun Naidu

in Melting Scrap

Soft finished steel demand weighs on scrap buying sentiment Regional longs prices fall to multi-week lows BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 200/tonne (t) d-o-d to INR 38,600/t DAP on 11 May 2026. Mandi Gobindgarh’s secondary steel market extended its decline on Monday amid soft sentiments and a…