Tag: steel mill procurement India

India: BigMint’s ferrous scrap index slips INR 400/t d-o-d amid cautious steel market

Sep 24, 2026

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by

Tarun Naidu

in Melting Scrap

Mills restrict purchases amid weak steel demand Finished steel prices decline across key products BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, moved down by INR 400/t d-o-d to INR 41,100/t DAP on 24 September 2026. Mandi Gobindgarh, a key secondary steel hub, witnessed a softer trend today as major buyers remained absent…