Tag: sponge iron prices Mandi

India: BigMint’s ferrous scrap index increases by INR 100/t d-o-d but remains stable w-o-w

Jan 16, 2026

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by

Tarun Naidu

in Melting Scrap

Lohri, price uncertainty slow down steel trade this week Primary mills’ price hikes fail to sustain positive sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 37,900/t DAP on 16 January 2026. However, the index remained flat w-o-w amid moderate scrap buying. Additionally, prices of some…