Tag: India steel price forecast

India: BigMint’s scrap index rises by INR 500/t d-o-d but declines INR 1,350/t w-o-w

Sep 25, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap buying improves today as finished steel prices increase Elevated scrap arrivals, buyers’ resistance to offers lead to w-o-w drop BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 500/t d-o-d to INR 41,600/t DAP on 25 September 2026. Meanwhile, the scrap index eased by INR 1,350/t w-o-w, while other grades…