Tag: induction furnace mills India demand

India: BigMint’s ferrous scrap index softens on weak steel demand

Apr 23, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap arrivals slow down but fail to support prices Mills face inventory pressure, reduce scrap intake BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, softened by INR 200/tonne (t) d-o-d to INR 38,900/t DAP on 23 April 2026. Overall, scrap prices in the region declined by INR 100-200/t d-o-d. Today, scrap arrivals in…