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India: BigMint’s scrap index edges up marginally as demand stays weak

Jul 8, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remains stable for two straight days Finished steel prices continue to slide due to weak demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/t d-o-d to INR 37,500/tonne (t) DAP on 8 July 2026.Scrap prices rose marginally today on need‑based buying. A mill owner informed BigMint:”Despite…