Tag: steel scrap shortage India

India: BigMint’s ferrous scrap index rises by INR 100/t d-o-d amid higher steel prices

Apr 2, 2026

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by

Tarun Naidu

in Melting Scrap

Scrap arrivals from neighbouring states remain slow Limited imports also contribute to tight scrap supply BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 39,800/t DAP on 2 April 2026. The Mandi Gobindgarh steel market witnessed a moderately firm trend today, with mills continuing to…