Author: Prashasti Giri

India: BigMint’s billet index extends decline as cautious buying offsets rising raw material costs

Jul 22, 2026

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by

Prashasti Giri

in Semi Finished

Weak finished steel demand continues to limit billet procurement Sellers fail to defend higher offers despite rising sponge iron prices BigMint’s billet index declined by INR 100/t d-o-d to INR 37,800/t exw-Raipur on 22 July 2026, as limited buying interest and weak downstream demand continued to weigh on the semi-finished steel market. Limited procurement by…