Author: Rounak Gairarey
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SteelMint: Billet index falls towards end Oct’21 as steel market sentiments soften
SteelMint’s daily steel billet (100x100mm, IS 2831:2012) index for Raipur in Chhattisgarh, a key induction furnace (IF) steel market, witnessed trade volumes at around 90,000 t in Oct’21. Trade volumes fell by nearly 15%, month-on-month, compared to more than 102,000 t in Sep, as per SteelMint data. Healthy demand from the re-rolling mills kept the…