Category: Semi Finished
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India: BigMint’s billet index rises sharply on tighter supply, firm raw material costs
Uptick in finished steel, sponge iron prices support increase in billet index Buyers cautious about sustainability of rally amid uncertain finished steel outlook BigMint’s billet index increased sharply by INR 550/t d-o-d to INR 40,950/t exw-Raipur on 24 August 2026, supported by persistent increases in raw material costs and tighter spot availability. Positive price cues…