Author: Bhupesh Agrawal
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India: BigMint’s billet index drops to 2-month low – 7 May
Muted buying interest prevails Finished steel prices drop INR 100-400/t d-o-d BigMint’s billet index declined further by INR 150/tonne (t) day-on-day, settling at INR 40,100/t exw-Raipur on 7 May 2025, marking a two-month low, as weak buying interest and lower market participation led to continued price correction in the semi-finished steel segment. Market sentiments remained…