Tag: India: BigMint’s ferrous scrap index steady as falling finished steel prices weigh on sentiment

India: BigMint’s ferrous scrap index remains stable despite falling finished steel prices

Apr 28, 2026

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by

Tarun Naidu

in Melting Scrap

Healthy scrap demand, slow arrivals support prices Weak finished steel demand, high mill stocks cap upside BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,900/tonne (t) DAP on 28 April 2026. Scrap demand in Mandi Gobindgarh, a key secondary steel hub in India, remained moderately strong, while scrap…