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India: Billet index drops to four-months low amid weak demand concerns

Source: BigMint May 21, 2026 08:30
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Steel Global
Weak finished steel demand continues to weigh. Sponge iron prices soften further on lower bids
Billet index declined sharply by INR 350/t d-o-d to INR 39,500/t exw-Raipur on 19 May 2026, touching its lowest level in four months amid persistent weakness in both semi-finished and finished steel markets.   The last time billet prices were assessed nearest levels on 13 January 2026, when offers were recorded

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