Tag: steel billets conversion spread

India: BigMint’s scrap index declines by INR 100/t d-o-d amid range-bound steel prices

Feb 28, 2025

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by

Tarun Naidu

in Melting Scrap

Sponge iron prices slide INR 100/t Semis, finished tags dip INR 100/t BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, slid by INR 100/tonne (t) d-o-d to INR 36,500/t DAP on 28 February 2025. Today, the trading session in Mandi was relatively quiet initially, leading to a marginal price drop of about INR…