Tag: sponge iron price India

India: BigMint’s ferrous scrap index rises INR 200/t d-o-d, slides over INR 200/t w-o-w

Mar 27, 2026

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by

Tarun Naidu

in Melting Scrap

Weekly pressure persists on weak mill buying Year-end factors and gas crisis weigh on sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 200/tonne (t) d-o-d to INR 37,700/t DAP on 27 March 2026. The scrap index fell by INR 100/t to INR 220/t this week, driven by weak mill…