Tag: Raipur Sponge Iron Billet Spread

India: BigMint’s scrap index rises INR 200/t d-o-d, INR 1,600/t w-o-w on tight supply

Apr 3, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 1,670/t w-o-w Semis, finished steel prices improves by INR 1,580-1,850/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, improved by INR 200/tonne (t) d-o-d to INR 40,000/t DAP on 03 April. On a weekly basis, prices surged by INR 1,560-1,760/t, supported by tightening scrap availability and improved…