Tag: India steel market update

India: BigMint’s ferrous scrap index plunges INR 100/t amid mixed market sentiments

Feb 18, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remains steady d-o-d Semis, finished steel prices dips by INR 100-200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 37,800/t DAP on 18 February 2026. Rangebound trends and slow sales persisted in semi-finished and finished steel across both trading halves today in…