Tag: induction furnace mills India demand

India: BigMint’s ferrous scrap index dips INR 400/t d-o-d; weak steel demand weigh on market

Apr 14, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decrease INR 200/t d-o-d Semis, finished steel prices decline INR 300-500/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 400/tonne (t) d-o-d to INR 40,100/t DAP on 14 April 2026. Trading activity in Mandi Gobindgarh’s secondary steel sector hit a standstill today as buyers retreated to…