Tag: sponge iron CDRI Raipur spread

India: BigMint’s ferrous scrap index drops INR 300/t d-o-d as steel demand remains muted

Feb 23, 2026

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 100/t Semis, finished steel prices fall by INR 300-350/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 300/tonne (t) d-o-d to INR 37,100/t DAP on 23 February 2026. Scrap prices in the region fell by INR 250-300/t today. Mandi mills are procuring scrap in…