Tag: Nhava Sheva scrap

India: BigMint’s ferrous scrap index rises INR 200/t d-o-d, tight supplies support prices

Aug 12, 2026

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by

Tarun Naidu

in Melting Scrap

GST inspections tighten domestic scrap availability Sponge to finished steel prices increase by INR 150-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 38,300/t DAP on 12 August 2026. A mill owner informed: “Persistent scrap shortages and intensified GST checks continued to weigh on Mandi’s…