Author: Prashasti Giri
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India: Billet index rises further despite weak buying interest at elevated levels
Higher sponge iron, finished steel prices lift billet rates Holiday sentiment, prior bookings curb trade activity BigMint’s billet index extended its upward trend, rising by INR 300/t d-o-d to INR 40,950/t exw-Raipur amid higher finished steel and sponge iron prices. Despite the increase, overall trading activity remained subdued, weighed down by the festive slowdown and…