Author: Prashasti Giri

India: BigMint’s billet index drops INR 350/t d-o-d – 9 May

May 9, 2024

—

by

Prashasti Giri

in Semi Finished

Weak demand for finished steel weighs on index Rebar prices fall by INR 300/t d-o-d BigMint’s billet index fell by INR 350/t touching INR 44,900/t exw-Raipur on 9 May 2024. The index continued to decline today due to weak demand in both finished and semi-finished steel which also negatively impacted demand for sponge iron. However,…