Category: Semi Finished
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India: BigMint’s billet index declines d-o-d after extended rally
Lower bids, increasing competition trigger correction in spot offers Weak finished steel demand continues to weigh on billet trade BigMint’s billet index declined by INR 450/t d-o-d to INR 42,100/t exw-Raipur on 1 September 2026, halting the recent price rally. Lower bids and increasing competitive offers put pressure on spot prices, while weak downstream steel…