Tag: market update Mandi Jun 1 2026

India: BigMint’s ferrous scrap index slides by INR 500/t d-o-d amid cautious buying

Jun 1, 2026

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices fall by INR 200/t d-o-d Semis, finished prices drop INR 300-500/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 500/tonne (t) d-o-d to INR 37,800/t DAP on 1 June 2026. In Mandi, the market was cautious as mills curtailed scrap purchases amid weak finished steel sales, leaving…