Tag: scrap to ingot conversion margin

India: BigMint’s ferrous scrap index rises by INR 700/t d-o-d, INR 800/t w-o-w

Aug 21, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap inflows tighten amid GST inspections Semis, finished steel prices rise by INR 800/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed by INR 700/tonne (t) d-o-d to INR 39,800/t DAP on 21 August 2026. The scrap index also rose by INR 800/t w-o-w as ongoing GST inspections have affected scrap…