Tag: scrap to billet spread

India: BigMint’s scrap index remains stable d-o-d amid cautious market sentiment

Apr 29, 2025

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by

Tarun Naidu

in Manganese Ore

Sponge iron prices remain steady d-o-d Finished steel tags drop by INR 100-300/t BigMint’s domestic end-cutting scrap index for the Mandi Gobindgarh market held firm d-o-d at INR 37,000/tonne (t) DAP on 29 April 2025, reflecting a stable demand-supply balance and muted trade movements. A mill owner informed BigMint, “The steel market in Mandi Gobindgarh…