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

Sponge iron prices dips INR 300/t d-o-d Mills limit purchases amid uncertain steel price direction BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 400/t d-o-d to INR 42,700/t DAP on 30 September 2026. Mandi Gobindgarh, a key secondary steel hub, witnessed a softer trend today as major buyers remained largely…