Tag: secondary steel rally April 2026

India: BigMint’s ferrous scrap index jumps INR 1,000/t d-o-d on tight supply, improved steel demand

Apr 1, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap prices surge on acute shortage Semis, finished steel prices increase by INR 850-1,100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, climbed by INR 1,000/tonne (t) d-o-d to INR 39,700/t DAP on 1 April 2026. Scrap prices witnessed a jump of INR 1,000-1,100/t today. The rally was driven by acute scrap shortages…