Tag: Indian steel market analysis 2026

India: BigMint’s ferrous scrap index drops by INR 300/t; weak steel demand weighs on market

May 13, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap and sponge prices fall by INR 200-300/t d-o-d Weak finished steel demand pressures margins in Mandi BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 300/tonne (t) d-o-d to INR 38,100/t DAP on 13 May 2026. The steel market in Mandi Gobindgarh is currently experiencing a downturn, with scrap prices…