Author: Prashasti Giri

BigMint’s billet index declined further by INR 250/tonne (t), settling at INR 37,200/t exw Raipur today. Weak buying interest persisted today, putting additional pressure on the billet index and extending the ongoing downtrend, leading to another market correction. However, there was a slight improvement in sponge iron buying activity, mainly due to limited supply in…