Tag: scrap market sentiment India

India: BigMint’s ferrous scrap index drops INR 700/t d-o-d on muted steel demand

Oct 13, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decrease by INR 200/t d-o-d Falling finished steel prices keep buyers cautious BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, moved down by INR 700/t d-o-d to INR 40,800/t DAP on 13 October 2026. Mandi Gobindgarh continued to witness a soft and cautious market trend, with overall sentiment remaining weak.…