Tag: Indian scrap market outlook

India: BigMint’s ferrous scrap index drops on weaker steel prices, subdued demand

Mar 24, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices fall by INR 100/t d-o-d Semis, finished steel prices down INR 200-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 37,900/t DAP on 24 March 2026. Scrap prices in the region declined by INR 100-200/t d-o-d. In Mandi Gobindgarh, scrap inflows stayed…