Tag: steel billet spreads

India: BigMint’s ferrous scrap index rises INR 200/t amid supply shortage, GST scrutiny

Apr 30, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap shortages lift prices across the region GST inspections disrupt supply chain operations BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, surged by INR 200/t d-o-d to INR 39,200/tonne (t) DAP on 30 April 2026. Scrap prices in Mandi increased by INR 200-300/t d-o-d due to slow arrival of scrap. Mandi Gobindgarh, a…