Tag: steel conversion spread Raipur

India: BigMint’s scrap index remains stable w-o-w amid bearish market trends

Jul 11, 2025

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by

Tarun Naidu

in Melting Scrap

Semis, finished steel prices fall by INR 150-250/t w-o-w Steel prices continue to edge lower on slow trade activity BigMint’s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 200/tonne (t) d-o-d to INR 35,600/t DAP on 11 July, 2025. End-cutting scrap prices remained largely stable over the past week, supported by…