Tag: scrap price movement India

India: BigMint’s ferrous scrap index rises INR 100/t amid moderate market sentiments

Jul 16, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain stable for two consecutive days Semis and finished steel prices remain stable d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/t d-o-d to INR 37,300/tonne (t) DAP on 16 July 2026. Scrap purchases were moderate during today’s trading session, while finished-steel prices in Mandi…