Tag: scrap market update

India: BigMint’s ferrous scrap index drops INR 300/t d-o-d; steel market maintains caution

Feb 11, 2026

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by

Tarun Naidu

in Melting Scrap

Need-based demand pushes sellers to reduce offers Semis, finished steel prices decline by INR 100-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 300/tonne (t) d-o-d to INR 38,700/t DAP on 11 February 2026. Trading in Mandi Gobindgarh remained quiet today, with no significant demand emerging. Buyers continued to exercise…