Author: Prashasti Giri
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India: BigMint’s billet index declines further d-o-d; lower offers spur selective buying
Competitively priced inflows from neighbouring regions exert pressure Finished steel prices weaken by INR 200-300/t amid lacklustre demand BigMint’s billet index declined by INR 300/t d-o-d to INR 38,000/t exw-Raipur on 30 July 2026, as producers reduced spot offers to stimulate buying in a market constrained by weak downstream demand. While the correction prompted a…