Author: Bhupesh Agrawal
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India: BigMint’s billet index declines further by INR 150/t amid limited buying – 22 May
Demand for semis, finished steel weak Sponge prices down INR 200/t d-o-d BigMint’s billet index dropped further by INR 150/tonne (t) to INR 39,900/t exw-Raipur on 22 May 2025. Today’s decline was primarily driven by sluggish demand in both semi-finished and finished steel segments. While a few transactions were recorded at lower price levels, the…