Tag: billet conversion spread India

India: BigMint’s scrap index declines by INR 100/t d-o-d amid sluggish steel demand

May 26, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain stable d-o-d Semis, finished tags drop by INR 200-300/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, dipped by INR 100/tonne (t) d-o-d to INR 36,800/t DAP on 26 May 2025. Scrap prices in the Mandi region recorded a marginal decline of INR 100-200/t, supported by need-based procurement amid…