Tag: Ludhiana ingot drop

India: BigMint’s ferrous scrap index stable, weak steel demand weighs on market

May 6, 2026

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by

Tarun Naidu

in Melting Scrap

Moderate scrap demand amid slow arrivals Finished steel prices decline, pressuring margins BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 39,400/tonne (t) DAP on 6 May 2026. Scrap demand in Mandi Gobindgarh, a vital Indian secondary steel hub, remained moderately robust with mildly slow arrivals, yet tepid steel…