Tag: Steel billet spread.

India: BigMint’s scrap index drops for third straight day as steel market remains subdued

Aug 7, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices drop INR 200/t d-o-d Semis, finished steel prices decline on weak buying BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, further declined by INR 200/tonne (t) d-o-d to INR 35,600/t DAP on 7 August 2025. Scrap prices in the region have been on a continuous downward trajectory over the past…