Tag: steel scrap auctions

India: BigMint’s ferrous scrap index surges INR 400/t on improved steel demand

Jun 3, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap index gains on stronger finished steel prices Domestic scrap shortage keeps market sentiment firm BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/t d-o-d to INR 38,100/tonne (t) DAP on 3 June 2026. Today in the Mandi Gobindgarh steel market, demand for scrap improved, with finished-steel premiums rising by…