Tag: India: BigMint’s ferrous scrap index surges amid sharp steel price rally

India: BigMint’s ferrous scrap index surges on steel market rally

Apr 6, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 600/t Semis, finished steel prices jump INR 900-1,100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed INR 900/tonne (t) d-o-d to INR 40,900/t DAP on 6 April 2026. Scrap prices jumped INR 800-900/t today. The surge was driven by acute shortages and a strong rebound in…