Tag: US Iran ceasefire impact on steel market

Improved inflows weigh on domestic prices Finished steel weakness adds pressure BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 700/tonne (t) d-o-d to INR 40,800/t DAP on 8 April 2026. Market activity remained largely subdued, as sentiment turned cautious following the sharp price increases observed in recent sessions. Scrap prices…