Tag: scrap billet spread India
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India: BigMint’s scrap index holds steady d-o-d despite softening market sentiment
Sponge iron prices remain steady d-o-d Finished steel prices decline by INR 100-200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained stable d-o-d at INR 37,000/t DAP on 14 May, 2025. Scrap trading was largely need-based today, which exerted downward pressure on offers from suppliers. Weak buying in both semi-finished and finished…