Tag: scrap prices remain steady

India: BigMint’s scrap index rises marginally but demand remains subdued

Jun 18, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron slips while finished steel prices inch higher Weak buying interest, regional competition cap market momentum BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 100/t d-o-d to INR 38,000/tonne (t) DAP on 18 June 2026. Mandi Gobindgarh, a key secondary steel hub in northern India, saw a marginal price…