Tag: Conversion Spread Between Sponge Iron and Steel Billets in Raipur

India: BigMint’s scrap index falls INR 300/t d-o-d on subdued steel demand

Nov 25, 2024

—

by

Kamal Gohil

in Melting Scrap

Trades limited as buyers expect further price drops Semi-finished steel prices decline INR 300/t d-o-d BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, edged down by INR 300/tonne (t) d-o-d to INR 36,200/t DAP on 25 November 2024. The Mandi steel market was subdued, amid reduced demand from neighbouring states for finished products…