{"id":70304,"date":"2026-07-01T17:21:20","date_gmt":"2026-07-01T11:21:20","guid":{"rendered":"https:\/\/biztrend24.com\/?p=70304"},"modified":"2026-07-01T17:21:20","modified_gmt":"2026-07-01T11:21:20","slug":"india-bigmints-ferrous-scrap-index-remains-stable-d-o-d","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=70304&lang=en","title":{"rendered":"India: BigMint&#8217;s ferrous scrap index remains stable d-o-d"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Sponge iron prices remain stable<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Finished steel prices soften by INR 200\/t<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>BigMint&#8217;s domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, remained unchanged d-o-d at INR 38,500\/t DAP on 30 June 2026. The Mandi market showed muted, need-based buying for scrap and finished steel as most buyers adopted a waitandsee stance. After the recent sharp price uptick, purchasing activity has cooled, with buyers reluctant to re-enter the market immediately.<\/p>\n<p>Mill owners in Mandi, however, are anticipating further upside driven by ongoing power cuts and logistics constraints, leaving nearterm price direction uncertain. Overall sentiment remains cautious as participants monitor supply disruptions and demand response before committing to fresh purchases.<\/p>\n<p>Alternative raw-materials:<\/p>\n<p>Sponge iron (CDRI) in Mandi Gobindgarh remained steady d-o-d at INR 29,800\/t DAP. Steel-grade pig iron in Ludhiana fell by INR 250\/t to INR 41,000\/t DAP today.<\/p>\n<p>Steel market:<\/p>\n<p>Semi-finished ingot prices in Mandi Gobindgarh eased by INR 100\/t dayonday to INR 43,100\/t (DAP). Across major production hubs, ingot rates slipped by INR 100-450\/t during todays trading session.<\/p>\n<p>Rebar (Fe500) in Mandi dropped INR 200\/t d-o-d to INR 47,800\/t (ex-works). Hotrolled strip (patra) held steady at INR 47,000\/t (ex-works) as patra demand remained moderate, while the rebar segment experienced muted trading.<\/p>\n<p>Overview of Alang market:<\/p>\n<p>Alang scrap prices edged up on 30 June, with HMS (80:20) at INR 34,200\/t exyard, a gain of INR 200\/t dod. Traders attributed the uptick to stronger market sentiment after news of power curbs in Punjab lifted finishedsteel prices, encouraging suppliers to maintain firm scrap offers even though downstream buying remained subdued. June saw steady tonnage into Alang: seven vessels arrived, four were beached and three waitlisted-predominantly container vessels and tankers, plus one LNG carrier.<\/p>\n<p>Price highlights:<\/p>\n<p>End-cutting to billet spread: In Mandi, the spread between end-cutting scrap and billets stood in the range of INR 4,400-4,900\/t.<\/p>\n<p>Domestic vs imported scrap: Imported melting scrap prices at Nhava Sheva Port were assessed at $338\/t, approximately INR 34,230\/t (inclusive of freight). HMS (80:20) in Mumbai dipped by INR 150\/t d-o-d to INR 32,250\/t DAP. Indicative prices of shredded from Europe stood at $386-$388\/t CFR Nhava Sheva.<\/p>\n<p>Raipur sponge iron-billet spread: The conversion spread (margin) between pellet-based DRI (P-DRI) andsteel billets in Raipur stood at INR 14,900\/t.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-764990\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/06\/Price-sheet-30-June.png?resize=640%2C790&#038;ssl=1\" alt=\"\" width=\"640\" height=\"790\" \/><\/p>\n<p>To see BigMint&#8217;s melting scrap assessment, pricing methodology and specification documents,\u00a0<a href=\"https:\/\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/04\/methodology-and-pricing-standards-manual_final-version-1.pdf\" target=\"_blank\" rel=\"noopener\">click here<\/a><\/p>\n<p>To provide feedback on this index or if you would like to contribute by becoming a data partner, please contact &#8211; support@bigmint.co<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sponge iron prices remain stable Finished steel prices soften by INR 200\/t BigMint&#8217;s domestic end-cutting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70305,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-70304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1280%2C720&ssl=1?v=1782904873",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?resize=150%2C150&ssl=1?v=1782904873",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=300%2C169&ssl=1?v=1782904873",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=640%2C360&ssl=1?v=1782904873",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=640%2C360&ssl=1?v=1782904873",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1280%2C720&ssl=1?v=1782904873",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1280%2C720&ssl=1?v=1782904873",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?resize=1115%2C715&ssl=1?v=1782904873",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?resize=800%2C500&ssl=1?v=1782904873",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1024%2C576&ssl=1?v=1782904873",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?resize=540%2C340&ssl=1?v=1782904873",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?resize=400%2C250&ssl=1?v=1782904873",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-93.jpg?fit=1280%2C720&ssl=1?v=1782904873","jetpack-related-posts":[{"id":70064,"url":"https:\/\/biztrend24.com\/?p=70064&lang=en","url_meta":{"origin":70304,"position":0},"title":"India: BigMint&#8217;s ferrous scrap index rises INR 300\/t d-o-d amid moderate steel demand","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"Power outage concerns support steel prices Semi,finished steel prices jumps INR 600\/t d-o-d BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, increased by INR 300\/tonne (t) d-o-d to INR 38,500\/t DAP on 29 June.Recent power-cut news lifted trading activity in the region, but demand for semi-finished and finished\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-45-4.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":56767,"url":"https:\/\/biztrend24.com\/?p=56767&lang=en","url_meta":{"origin":70304,"position":1},"title":"BigMint&#8217;s daily trade sheet &#8211; 9 Feb&#8217;26","author":"Biz Trend 24","date":"February 10, 2026","format":false,"excerpt":"BigMint's billet index edged lower by INR 50\/t day-on-day to INR 41,750\/t exw, as subdued downstream demand continued to cap market momentum. The conversion spread from pellet-based sponge iron (PDRI) to billets for standalone induction furnaces in Raipur was assessed at around INR 14,200\/t. Sponge iron prices moved up by\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/02\/Untitled-design-2026-02-10T132010.992.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":70045,"url":"https:\/\/biztrend24.com\/?p=70045&lang=en","url_meta":{"origin":70304,"position":2},"title":"BigMint&#8217;s daily trade sheet &#8211; 29 Jun&#8217;26","author":"Biz Trend 24","date":"June 30, 2026","format":false,"excerpt":"India's sponge iron market witnessed a firm uptrend, with prices increasing by INR 100-350\/t across most regions. ponge iron trade volumes rose to around 17,580 t. BigMint's billet index edged up by INR 350\/t d-o-d to INR 39,100\/t exw-Raipur. The conversion spread between pellet-based direct reduced iron (PDRI) and billets\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-38-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-38-3.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-38-3.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-38-3.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-38-3.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":53902,"url":"https:\/\/biztrend24.com\/?p=53902&lang=en","url_meta":{"origin":70304,"position":3},"title":"BigMint&#8217;s daily trade sheet &#8211; 12 Jan&#8217;26","author":"Biz Trend 24","date":"January 13, 2026","format":false,"excerpt":"BigMints billet index edged lower by INR 200\/tonne (t) d-o-d to INR 39,500\/t exw-Raipur. The PDRI-to-billet spread for standalone induction furnaces in Raipur was assessed at INR 15,850\/t. Sponge iron prices across major Indian markets declined by INR 50-400\/t d-o-d. Trade volumes declined sharply, with daily sponge iron transactions estimated\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-13T124149.938.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":53396,"url":"https:\/\/biztrend24.com\/?p=53396&lang=en","url_meta":{"origin":70304,"position":4},"title":"BigMint&#8217;s daily trade sheet &#8211; 7 Jan&#8217;26","author":"Biz Trend 24","date":"January 8, 2026","format":false,"excerpt":"BigMint's billet index declined by INR 200\/tonne (t) day-on-day (d-o-d) to INR 39,900\/t exw-Raipur . BigMint's domestic end-cutting scrap index, tracking the Mandi Gobindgarh market, declined by INR 100\/tonne (t) d-o-d to INR 37,500\/t DAP. Domestic Fe 62% iron ore concentrate prices held stable at INR 5,000\/t ($56\/t) ex-works Jabalpur.\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T123815.113.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T123815.113.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T123815.113.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T123815.113.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/Untitled-design-2026-01-08T123815.113.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":52363,"url":"https:\/\/biztrend24.com\/?p=52363&lang=en","url_meta":{"origin":70304,"position":5},"title":"BigMint&#8217;s daily trade sheet &#8211; 29 Dec&#8217;25","author":"Biz Trend 24","date":"December 30, 2025","format":false,"excerpt":"BigMint's billet index increased sharply by INR 1,400\/tonne (t) d-o-d to INR 39,100\/t exw-Raipur. The PDRI-to-billet conversion spread for standalone induction furnaces in Raipur was assessed at INR 15,250\/t. India's sponge iron pricesrose by INR 500-1,400\/tonne (t) across key producing regions. Daily trade volumes surged to nearly 26,000 t. BigMint's\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-30T123828.934.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=70304"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70304\/revisions"}],"predecessor-version":[{"id":70306,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/70304\/revisions\/70306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/70305"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}