Tag: India:BigMint’s ferrous scrap index drops INR 400/t d-o-d amid cautious steel market

Mills limit scrap procurement amid inventory pressure Ingot and patra prices dip INR 400-500/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 400/t d-o-d to INR 40,700/t DAP on 15 October 2026. Weak demand across the raw material-to-finished steel value chain weighed on market sentiment today. Mandi Gobindgarh, a…