Tag: steel billet conversion spread.Alang market scrap prices

India: BigMint’s scrap index declines INR 100/t amid rangebound steel prices

Jan 17, 2025

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by

Tarun Naidu

in Melting Scrap

Alternate raw material prices dip by INR 100/t Semis, finished steel prices remain steady BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined slightly by INR 100/tonne (t) d-o-d to INR 36,700/t DAP on 17 January 2025. A mill owner informed: “In the Mandi steel market, only minimal price fluctuations were observed this…