Tag: steel billet price spread

India: BigMint’s ferrous scrap index drops INR 200/t d-o-d; steel market shows limited activity

Dec 11, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices dip by INR 200/t d-o-d Semis, finished steel prices fall by INR 100-200/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, decreased by INR 200/tonne (t) d-o-d to INR 35,300/t DAP on 11 Dec 2025. Scrap prices in Mandi Gobindgarh continued to decline on a sluggish and largely inactive steel…