Tag: sponge iron-billet spread

Semis tags soften by INR 100/t d-o-d Rebar prices down INR 100/t in Mandi BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 100/t d-o-d to INR 36,700/t DAP on 1 May, 2025. Today’s steel market remained largely unchanged, as buyers stayed on the sidelines. Steel mills continue to face…