Tag: steel market May 2026

India: BigMint’s ferrous scrap index drops by INR 300/t d-o-d amid cautious market sentiment

May 18, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices down INR 200/t d-o-d Semis, finished steel prices dip by INR 200-400/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 300/tonne (t) d-o-d to INR 38,100/t DAP on 18 May 2026. Scrap prices in the region fell by INR 100 to INR 300/t d-o-d. Today, the Mandi…