Tag: sponge iron CDRI
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India: BigMint’s ferrous scrap index drops by nearly INR 900/t w-o-w amid supply glut
Finished steel demand weakens, mills make limited inquiries Semis, finished steel prices drop by around INR 900/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 300/tonne (t) d-o-d to INR 36,500/t DAP on 27 February 2026. Meanwhile, the index decreased by INR 855/t w-o-w. Steel market activity in Mandi…