Tag: INR 800/t w-o-w on lackluster steel demand

India: BigMint’s scrap index drops INR 100/t d-o-d, INR 800/t w-o-w on lacklustre steel demand

Jul 10, 2026

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by

Tarun Naidu

in Melting Scrap

Rebar prices decline by INR 750/t w-o-w Weak finished steel offtake weigh on scrap prices BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 37,400/t DAP on 10 July 2026. Scrap prices in the region fell by INR 800/t-1,000/t w-o-w. Mandi Gobindgarh experienced renewed downside this…