Tag: billet conversion spread Raipur

India: BigMint’s scrap index reflects softening prices as buyers stay on sidelines

Jul 29, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices remain flat d-o-d Semi-finished tags drop by INR 200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 300/tonne (t) d-o-d to INR 35,600/t DAP on 29 July 2025. Today’s steel market in Mandi remained subdued, with buyers staying largely inactive across both trading sessions. The lack of…