Tag: billet conversion spread India

India: BigMint’s scrap index holds steady d-o-d despite softening market sentiments

May 28, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 300/t Semis’, finished tags remain flat d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 36,600/t DAP on 28 May, 2025. Today’s scrap market activity was subdued, driven by limited procurement tied to immediate needs. With dull demand in both semi-finished and…