Author: Prashasti Giri
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India: BigMint’s billet index drops marginally d-o-d on limited demand
Limited buying keeps market confined Sponge price spike fails to lift billet sentiment BigMint’s billet index edged lower by INR 50/t day-on-day to INR 41,750/t exw, as subdued downstream demand continued to cap market momentum. Despite the marginal correction, overall sentiment remained weak, with buyers cautious amid elevated offer levels and limited visibility on finished…