Tag: semis finished steel down INR 200-400/t

India: BigMint’s ferrous scrap index slips INR 200/t d-o-d on material oversupply

Jan 28, 2026

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by

Tarun Naidu

in Melting Scrap

Finished steel prices ease despite largely stable feedstock costs Secondary mills remain cautious as GST checks curb buying BigMint’s domestic end-cutting scrap index for Mandi Gobindgarh declined by INR 200/t d-o-d to INR 38,300/t DAP on 28 January 2026, extending the recent downtrend. Over the past few sessions, scrap prices in the region corrected by…