Tag: steel demand weak

India: BigMint’s ferrous scrap index slides INR 500/t d-o-d amid surplus supply

Jan 27, 2026

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by

Tarun Naidu

in Melting Scrap

Need-based scrap buying pushes sellers to reduce offers Semis, finished steel prices decline by INR 200-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 500/tonne (t) d-o-d to INR 38,500/t DAP on 27 January 2026. Scrap prices declined by INR 500-1,000/t across regions. Mandi Gobindgarh, a key secondary steel hub,…