Tag: subdued steel demand

India: BigMint’s ferrous scrap index stays flat for the third day in a row

Jun 17, 2026

—

by

Tarun Naidu

in Melting Scrap

Tight supply and slow scrap arrivals support market levels Weak finished steel demand keeps buyers cautious BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained steady d-o-d at INR 37,900/t DAP on 17 June 2026. Scrap prices have remained unchanged for the third consecutive day, reflecting tight supply in the region. The Mandi…