Tag: steel price trend India

India: BigMint’s ferrous scrap index stays flat d-o-d, falls INR 260/t w-o-w

Aug 14, 2026

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by

Tarun Naidu

in Melting Scrap

GST checks disrupt scrap inflows into Mandi Weak demand keeps secondary steel market cautious BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 38,500/tonne (t) DAP on 14 August 2026. However, the index dipped by INR 260/t w-o-w; prices of other grades also declined by INR 230/t. The secondary…