Tag: steel market India May 2026

India: BigMint’s ferrous scrap index jumps INR 500/t d-o-d on supply concerns, steel price surge

May 27, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap prices up amid tight availability, logistics disruptions Steel prices strengthen further on firm regional sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 500/t d-o-d to INR 38,300/tonne (t) DAP on 27 May 2026. A sharp price rise swept Mandi Gobindgarh today as raw-material and finished-steel values moved higher.…