Author: Prashasti Giri
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India: BigMint’s billet index descends to 3-year low – 2 Sep
BigMint’s billet index hit a three-year low today, declining by INR 250/t d-o-d to reach INR 37,950/t ex-works Raipur on 2 September 2024. BigMint’s billet index recorded a new low today, reflecting weak demand in both the semi-finished and finished steel segments which extended the pressure on the market. Despite lower offers, buyers remained cautious…