Author: Prashasti Giri
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India: BigMint’s billet index drops d-o-d as buying momentum fades after recent rally
Buyers turn cautious, leading to lower participation Finished steel, sponge iron prices ease as demand weakens BigMint’s billet index declined by INR 200/t d-o-d to INR 38,950/t exw-Raipur on 28 July 2026, as buying momentum weakened following the sharp price rally witnessed over the past two weeks. Softer demand, cautious procurement, and weaker market sentiment…