Author: Prashasti Giri
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India: BigMint’s billet index declines further amid selective buying at lower offers
Lower offers trigger selective bookings, overall demand remains slow Weak finished steel and softer sponge iron prices continue to weigh BigMint’s billet index declined by INR 200/t day-on-day to INR 38,400/t exw-Raipur on 7 August 2026, as weak buying interest and bearish sentiment across neighbouring markets continued to weigh on the semi-finished steel segment. Although…