Tag: scrap shortage sponge iron shift

India: BigMint’s scrap index drops INR 200/t d-o-d on weak steel market sentiment

May 7, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices decline by INR 300/t d-o-d Finished steel weakness pressures scrap sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 200/tonne (t) d-o-d to INR 39,200/t DAP on 7 May 2026. Scrap prices decreased by INR 200-400/t d-o-d as subdued finished steel demand and limited buying activity weighed…