Tag: Tight Scrap Supply Supports Indian Secondary Steel Market Sentiment

India: BigMint’s ferrous scrap index climbs up by INR 200/t d-o-d on positive steel market sentiment

Jul 27, 2026

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by

Tarun Naidu

in Melting Scrap

Tight scrap supply supports price uptrend Scrap, finished steel prices extend gains BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, strengthened by INR 200/t d-o-d to INR 38,100/tonne (t) DAP on 27 July 2026. Scrap prices rose by INR 200-300/t in today’s trading session amid positive sentiment in the steel market. Mandi Gobindgarh’s…