Tag: India: BigMint’s ferrous scrap index stable d-o-d as prices remain rangebound

India: BigMint’s scrap index falls by INR 100/t d-o-d amid muted steel market

Feb 5, 2026

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by

Tarun Naidu

in Melting Scrap

Lower semis prices push scrap sellers to trim offers Finished steel prices decline by INR 200/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 38,500/t DAP on 05 February 2026. Scrap prices in Mandi Gobindgarh declined today amid a sluggish, largely inactive steel market…