Tag: india steel market overview

India: BigMint’s ferrous scrap index slides by INR 100/t d-o-d but remains stable w-o-w

Jan 9, 2026

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by

Tarun Naidu

in Melting Scrap

Mills reduce bids as scrap arrivals improve Steel market turns quiet, demand slows down BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,200/t DAP on 9 January 2026. The index remained flat w-o-w amid moderate scrap buying in the region. On a weekly basis, the…