Author: Prashasti Giri

SteelMint’s daily steel billet index was assessed at INR 47,250/tonne (t) (- INR 450/t) exw-Raipur on 15 October, 2022. The index fell further following weak finished steel sales, which ultimately lowered bids for procuring billets. In addition, the key factor behind the price correction was softening steel prices in major locations including north India. Thus,…