Tag: Raipur Sponge Iron Billet Spread

India: BigMint’s ferrous scrap index remains firm despite limited buying activity

Sep 29, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices increase by INR 200/t d-o-d Semis, finished steel prices gain despite subdued buying BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, rose by INR 500/tonne (t) d-o-d to INR 43,100/t DAP on 29 September 2026.In Mandi, scrap-to-finished-steel prices maintained a positive trend during the first half of today’s trading session.…