Tag: weak finished steel demand India

India: BigMint’s ferrous scrap index rises INR 300/t d-o-d, tight supplies support prices

Jun 10, 2026

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by

Tarun Naidu

in Melting Scrap

GST inspections tighten domestic scrap availability Weak finished steel demand weighs on market sentiment BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/t d-o-d to INR 38,100/tonne (t) DAP on 10 June 2026. India’s key secondary steel hub, Mandi Gobindgarh, witnessed an increase in prices across the raw-to- semi-finished steel…