Tag: secondary steel market mandi gobindgarh

India: BigMint’s ferrous scrap index rises INR 700/t d-o-d; INR 1,400/t w-o-w

Jan 2, 2026

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by

Tarun Naidu

in Melting Scrap

Alternate raw material prices increase by INR 1,400-1,800/t w-o-w Semi, finished steel prices jumps INR 1,600-1,750/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 700/tonne (t) d-o-d to INR 38,300/t DAP on 2 Jan 2026. The index surged by INR 1,400/t w-o-w, driven by improved market sentiment and a sudden…