Author: Kameshwar Rao

Higher sponge iron costs, tighter raw material supply drive sharp hike Semis buying remains cautious as downstream demand struggles BigMint’s billet index increased sharply by INR 1,100/t d-o-d to INR 41,700/t exw-Raipur on 26 August 2026, supported by stronger price cues from neighbouring markets, rising raw material costs and higher production expenses. However, buying interest…