Tag: India: BigMint’s scrap index remained steady for the second consecutive day as supply tightness and GST checks persisted

Softer steel prices limit upside from tight supply Sponge iron prices drop, reflecting weak mill demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 37,900/t DAP on 16 June 2026, as persistent supply tightness and logistical challenges continued to support offers despite subdued downstream demand. Scrap prices have…