Tag: steel price surge

India: BigMint’s ferrous scrap index dips amid subdued trading during fiscal year-end

Mar 31, 2026

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by

Tarun Naidu

in Melting Scrap

Buyers stay away, expecting near-term price drops Sponge prices stable, ingot falls on weak demand BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 38,700/t DAP on 31 March 2026. The decline comes amid thin trading activity on the final day of the fiscal year, with…