Tag: Mumbai IF rebar Fe500

India: BigMint’s ferrous scrap index slides INR 300/t d-o-d for second consecutive day

Feb 24, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remains stable d-o-d Semis, finished steel prices soften by INR 350-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 300/tonne (t) d-o-d to INR 36,800/t DAP on 24 Feb 2026. Steel scrap prices in the region have been on a steady decline over the past two days,…