Tag: sponge iron CDRI price Mandi Gobindgarh INR 33700/t

India: BigMint’s ferrous scrap index rises INR 900/t d-o-d on supply concerns, steel price surge

Mar 30, 2026

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by

Tarun Naidu

in Melting Scrap

Raw material costs spike across segments Moderate demand tempers trade activity BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 900/tonne (t) d-o-d to INR 38,900/t DAP on 30 March 2026.Scrap prices witnessed a jump of INR 900-1,000/t today. Mandi Gobindgarh witnessed a sharp scrap price spike today, with both scrap…