Tag: scrap auction India

India: BigMint’s ferrous scrap index slides INR 300/t d-o-d amid softening steel prices

Mar 11, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap availability remains adequate despite sluggish arrivals Most Mandi mills coal based, no immediate impact of gas shortages BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 300/tonne (t) d-o-d to INR 37,700/t DAP on 11 March 2026. Scrap prices in the region declined by INR 300-400/t d-o-d. Scrap arrivals in…