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India: Billet index edges up on improved buying activity

Source: BigMint May 18, 2026 10:00
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Finished steel prices rise by INR 200-500/t. Higher sponge iron prices offer cost support
Billet index rose by INR 200/t d-o-d to settle at INR 40,050/t exw-Raipur on 14 May 2026, supported by improved buying interest and moderate bookings in the semi-finished steel segment amid slightly better sentiment in finished steel.   The market remained volatile throughout the day, with positive cues from northern India

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