Tag: billet conversion spread

India: BigMint’s scrap index dips by INR 100/t on lacklustre demand

May 19, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices fall by INR 200/t Finished steel prices remain stable d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100/tonne (t) d-o-d to INR 37,000/t DAP on 19 May 2025. The Mandi steel market remained largely inactive today, with no significant trades reported in semi-finished and finished steel…