Author: Prashasti Giri

Rising sponge iron costs, tighter material supply drive sharp hike Semis buying remains cautious as downstream demand struggles BigMint’s billet index increased sharply by INR 1,050/t d-o-d to INR 40,550/t exw-Raipur on 21 August 2026, marking a significant upward movement in the semi-finished steel market. The rally was primarily due stronger price cues from neighbouring…