Tag: Mandi scrap index prices

India: BigMint’s ferrous scrap index gains INR 400/t d-o-d amid positive steel market sentiment

Mar 5, 2026

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by

Kamal Gohil

in Melting Scrap

Rising costs of other raw materials lend upward momentum Bulk deals remain limited amid slower project-driven demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/tonne (t) d-o-d to INR 37,600/t DAP on 5 March 2026. Domestic scrap prices increased, supported by rising semi-finished steel prices and improved buying interest…