Tag: Ludhiana ingot drop

India: BigMint’s scrap index drops by INR 200/t d-o-d on weak steel demand, margin pressure

May 5, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decline by INR 200/t today Semis, finished steel prices dip INR 200-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 39,400/t DAP on 5 May 2026. Scrap prices in the region fell by INR 200-300/t d-o-d amid weak semi-finished and finished steel…