Author: Prashasti Giri

India: BigMint’s billet index drops INR 300/t d-o-d on softening finished steel prices

Jan 20, 2026

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by

Prashasti Giri

in Semi Finished

Cautious procurement prevails in billet market Finished steel prices drop INR 400-500/t in Raipur BigMint’s billet index declined further by INR 300/t d-o-d to INR 40,850/t exw-Raipur on 20 January 2026, as buying interest remained muted despite sellers lowering offers. Weak downstream demand continued to weigh on sentiment, limiting participation in the semi-finished steel market.…