Tag: scrap cutting costs

India: BigMint’s ferrous scrap index remains stable d-o-d despite soft finished steel demand

Mar 19, 2026

—

by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain stable d-o-d Finished steel prices dip by INR 200/t today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 37,800/tonne (t) DAP on 19 March 2026. In Mandi Gobindgarh, mills procured scrap at moderate levels; limited recent supplies allowed sellers to maintain steady offers, while…