Tag: market analysis steel

India: BigMint’s ferrous scrap index stable d-o-d even as steel prices remain rangebound

Aug 5, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain unchanged d-o-d Semis stable, finished steel prices up INR 200/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 38,600/t DAP on 5 August 2026. Scrap prices remained rangebound today, supported by need-based buying in the market. The overall steel market remained moderate today,…