Tag: sponge iron prices Mandi

India: BigMint’s scrap index rises INR 700/t d-o-d fueling strong steel market momentum

Jan 1, 2026

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by

Tarun Naidu

in Melting Scrap

Raw-to-finished steel prices stay strong, climbs INR 300-700/t in Mandi Ludhiana pig iron prices improves INR 1,200/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 700/tonne (t) d-o-d to INR 37,600/t DAP on 1 Jan 2026. India’s key secondary steel hub, Mandi Gobindgarh, exhibited a positive trend across all…