Tag: steel scrap shortage festival

India: BigMint’s ferrous scrap index gains INR 400/t as steel demand improves

Mar 9, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 200/t Semi-finished steel prices rise by INR 200-450/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 400/tonne (t) d-o-d to INR 38,000/t DAP on 9 March 2026.Scrap prices surged INR 300-400/t today on improved demand. The post-Holi uptick in buying activity in Mandi Gobindgarh,…