Category: Semi Finished
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India: BigMint’s billet index inches up despite weak demand as cost pressure limits downside
Wide gap in offers between producers and traders limit trades Weak downstream demand keeps buying interest subdued BigMint’s billet index increased marginally by INR 50/t d-o-d to INR 42,550/t exw-Raipur, despite weak buying interest and limited support from the finished steel market. Elevated production costs prevented producers from reducing offers further, while buyers remained reluctant…