Tag: Raipur billet conversion spread

India: BigMint’s scrap index rises INR 200/t d-o-d despite uncertain market conditions

Jul 17, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices up INR 200/t d-o-d Decent trade activity boosts prices today BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 200/tonne (t) d-o-d to INR 35,400/t DAP on 17 July 2025. Scrap prices in the region improved by INR 100-200/t today. A mill owner informed, “Today’s market remains moderately…