Author: Bhupesh Agrawal
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India: BigMint’s billet index slips further amid limited buying on lower offers
Lower enquiries and limited procurement in semis Weak finished steel demand weigh on sentiment BigMint’s billet index declined for the second consecutive day, falling by INR 250/t d-o-d to INR 38,800/t exw-Raipur on 22 May, as weak buying interest and lower bids continued to pressure the market. Market participants said enquiries remained limited and largely…