Tag: scrap shortages 2026

India: BigMint’s scrap index holds steady; weak steel demand, tight supply persists

May 4, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap prices remain stable on constrained supply Finished steel demand weakens, prices under pressure BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 39,600/tonne (t) DAP on 4 May 2026. Tight scrap supply in Mandi Gobindgarh, driven by sluggish arrivals from neighbouring states and weak imported scrap purchases, has…