Author: Prashasti Giri
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India: BigMint’s billet index surges to 2-years high amid stronger bookings
Improved steel demand strengthens spot offers Sponge iron prices spike on higher coal costs BigMint’s billet index surged by INR 1,300/t d-o-d to a two-year high of INR 45,200/t exw-Raipur on 28 September 2026, supported by improved bookings from local and nearby markets. Positive sentiment, higher enquiries and modestly improved finished steel demand strengthened spot…