Author: Prashasti Giri
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India: BigMint’s billet index extends decline on subdued buying, weak finished steel demand
Finished steel prices weaken, weigh on billet market sentiment Sponge iron slips marginally as buyers continue to defer purchases BigMint’s billet index declined further by INR 200/t d-o-d to INR 38,650/t exw-Raipur on 2 July 2026, as weak buying interest and aggressive bidding continued to pressure the semi-finished steel market. Limited participation from buyers, coupled…