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India: Billet index dips further on weak buying interest

Source: BigMint May 25, 2026 08:30
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Lower bids continue to pressure billet offers. Finished steel, sponge iron prices soften slightly
Billet index declined further by INR 200/t d-o-d to INR 39,050/t exw-Raipur on 21 May 2026, as weakening buying interest and limited enquiries continued to weigh on market sentiment.   The semi-finished steel segment remained under sustained pressure throughout the trading session, with buyers largely refraining from fresh procurement amid ongoing

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