Tag: steel market India 2026

India: BigMint’s ferrous scrap index jumps INR 600/t d-o-d on strong steel demand

Apr 7, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 300/t Finished steel rally drives market sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 600/tonne (t) d-o-d to INR 41,500/t DAP on 7 April 2026. Within two working days scrap prices in the region have increased by INR 1,400-1,600/t. Mandi Gobindgarh’s steel market…