Tag: India steel demand weak

India: BigMint’s ferrous scrap index remains stable d-o-d on lackluster steel demand

Apr 21, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decline by INR 100/t d-o-d Finished steel prices soften by INR 500/t today 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 21 April 2026.Scrap demand in the region remains decent, with mills procuring domestic steel scrap at fairly healthy levels. However,…