Tag: conversion spread P-DRI billet

India: BigMint’s ferrous scrap index softens as steel market shows mixed trend

Jun 2, 2026

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by

Tarun Naidu

in Melting Scrap

Rebar prices fall despite demand recovery later in day Tight material availability limits scrap price drop BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, eased by INR 100/tonne (t) d-o-d to INR 37,700/t DAP on 2 June 2026. Today’s Mandi steel market saw mixed activity. The first half of the trading session remained…