Tag: scrap price movement Jun 2026

India: BigMint’s scrap index softens by INR 500/t amid cautious steel market

Jun 8, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap prices decline as buyers anticipate further corrections Semis,finihsed steel prices dips INR 300-450/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 500/t d-o-d to INR 37,800/tonne (t) DAP on 8 June 2026.Market activity remained subdued as buyers adopted a cautious approach, expecting further price corrections across the steel…