Editor’s PickIndustry Trends5 Oct 20265 minSponge Iron
Steel Scrap Prices Climb ₹1,300 a Tonne in a Week as Power Cuts Hit Chhattisgarh Mills: What It Means for Kabadiwalas and Traders
Heavy melting scrap at Mandi Gobindgarh rose to ₹39,700 a tonne on 5 October 2026, up ₹1,300 from a week earlier, more than reversing the previous week's fall. Ship scrap at Alang, sponge iron, billets and rebar all moved up too. Power cuts at mills in Chhattisgarh and firm scrap markets abroad are behind the rise. Here is what the numbers show and what to do with them.