Tag: India steel scrap market May 2026

India: BigMint’s ferrous scrap index slides INR 200/t d-o-d, rises over INR 150/t w-o-w

May 8, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap prices supported by tight availability Softened steel prices, labor shortages continue to squeeze industry margins BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 39,000/t DAP on 8 May 2026.The regional scrap index witnessed a marginal uptick of INR 100-150/t this week, a movement fueled…