Tag: Conversion Spread

India: BigMint’s ferrous scrap index slides INR 200/t d-o-d but rises INR 400/t w-o-w

Mar 13, 2026

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by

Tarun Naidu

in Melting Scrap

Weekly scrap gains persist on tight arrivals Semis, finished steel prices jump INR 400-700/t w-o-w BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, fell by INR 200/t d-o-d to INR 37,700/t DAP on 13 March 2026. Despite the daily correction, the index increased by INR 400/t w-o-w, while other scrap grades strengthened by…