Tag: pig iron Ludhiana

India: BigMint’s ferrous scrap index rises INR 100/t d-o-d, INR 735/t w-o-w

Mar 6, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 775/t w-o-w Semis, finished steel prices up INR 750/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 37,700/t DAP on 6 March 2026.Scrap prices surged INR 735-800/t this week, fueling an overall positive market sentiment. Scrap prices edged…