Tag: scrap billet conversion spread

India: BigMint’s ferrous scrap index drops INR 400/t w-o-w amid tepid demand

May 2, 2025

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by

Tarun Naidu

in Melting Scrap

Raw material tags dip INR 500-800/t w-o-w Semi-finished steel prices fall by around INR 500/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, inched up by INR 100/tonne (t) d-o-d to INR 36,800/t DAP on 2 May, 2025. W-o-w, scrap prices decreased by INR 100-500/t in the region. The steel market in Mandi…