Tag: scrap market update February 2026

India: BigMint’s ferrous scrap index drops on softening steel prices

Feb 16, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remained stable d-o-d Semis, finished steel prices dips INR 300-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 400/tonne (t) d-o-d to INR 38,000/t DAP on 16 Feb 2026. Scrap prices in the region have fallen by INR 300-400 per tonne d-o-d, as mills limit procurement due…