Tag: billet scrap spread India

India: BigMint’s ferrous scrap index softens on weak steel demand

Mar 25, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip INR 200/t d-o-d Semis, finished steel prices drop BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, softened by INR 300/tonne (t) d-o-d to INR 37,600/t DAP on 25 March 2026. Scrap prices in the region declined by INR 300-400/t d-o-d. Today, scrap arrivals in Mandi Gobindgarh were slightly better…