Tag: Mandi Gobindgarh secondary steel market

India: BigMint’s ferrous scrap index drops INR 100/t d-o-d amid muted steel demand

Jul 29, 2026

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by

Tarun Naidu

in Melting Scrap

Early-week scrap price rally loses momentum on cautious buying Semis, finished steel prices decrease by INR 100-200/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 100/tonne (t) d-o-d to INR 37,900/t DAP on 29 July 2026 due to muted buying interest and weakening demand for finished steel. Scrap prices…