Tag: billet vs scrap spread

India: BigMint’s ferrous scrap index rises INR 300/t d-o-d amid moderate steel demand

Jun 29, 2026

—

by

Tarun Naidu

in Melting Scrap

Power outage concerns support steel prices Semi,finished steel prices jumps INR 600/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300/tonne (t) d-o-d to INR 38,500/t DAP on 29 June.Recent power-cut news lifted trading activity in the region, but demand for semi-finished and finished steel remained moderate, and prices…