Tag: Loha bhav

India: BigMint’s ferrous scrap index continues to decline for the 2nd consecutive day

May 19, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices down INR 200/t d-o-d Semis, finished steel prices dip by INR 300-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 37,800/t DAP on 19 May 2026.Scrap prices fell by INR 300-600/t in the region. Steel prices have continued tumbling over the last…