Author: Prashasti Giri
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India: BigMint’s billet index declines further as lower offers spur selective buying
Lower billet and sponge iron offers trigger modest buying Finished steel prices declines further on weak cues BigMint’s billet index declined by INR 300/t d-o-d to INR 38,000/t exw-Raipur on 7 July 2026, as producers lowered spot offers to stimulate buying amid subdued market sentiment. Although the price correction resulted in a modest improvement in…