Tag: Mumbai IF rebar Fe500

India: BigMint’s scrap index drops marginally d-o-d amid weak buying interest

Feb 25, 2026

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain stable d-o-d Finished steel prices dip INR 100/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 100/tonne (t) d-o-d to INR 36,700/t DAP on 25 February 2026. Scrap prices in Mandi Gobindgarh declined today due to a sluggish, largely inactive steel market and muted buying…