Tag: mandi gobindgarh steel news

India: BigMint’s scrap index holds steady amid weak steel demand

May 21, 2026

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by

Tarun Naidu

in Melting Scrap

Labour shortages tighten local scrap supply Narrow mill margins prevent price uptrend BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 37,600/tonne (t) DAP on 21 May 2026. Mandi Gobindgarh’s secondary steel market continues to face severe margin pressure as weak finished steel demand has led to inventory accumulation,…