Tag: steel market Punjab India update

India: BigMint’s ferrous scrap index falls INR 700/t d-o-d amid cautious market sentiment

Apr 8, 2026

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by

Tarun Naidu

in Melting Scrap

Improved inflows weigh on domestic prices Finished steel weakness adds pressure BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 700/tonne (t) d-o-d to INR 40,800/t DAP on 8 April 2026. Market activity remained largely subdued, as sentiment turned cautious following the sharp price increases observed in recent sessions. Scrap prices…