Author: Prashasti Giri
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India: BigMint’s billet index extends decline as weak demand, heavy rains curb market activity
Lower offers by sellers fail to boost trading activity Sponge iron, finished steel prices soften amid weak demand BigMint’s billet index declined by INR 250/t d-o-d to INR 38,700/t exw-Raipur on 29 July 2026, as weak downstream demand and limited buying interest continued to weigh on the semi-finished steel market. Despite producers reducing spot offers,…