India’s semi-finished steel market continued to reel under sustained pressure even in the festive month of October 2025, with BigMints benchmark Raipur billet (100×100 mm, IS 2831) index plunging to its lowest level in four years and eight months to a weighted average of INR 35,600/t exw-Raipur in October (till date), a low last witnessed in February 2021.
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