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India: Billet index strengthens further amid modest buying on elevated offers

Source: BigMint May 29, 2026 10:00
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Higher market volatility pushed up spot offers. Finished steel and sponge iron prices extend gains
Billet index extended further gains, increasing by INR 200/t day-on-day to INR 39,550/t exw-Raipur on 27 May 2026, supported by heightened market volatility and a sharp rise in spot offers across the semi-finished steel segment.   Market participants highlighted that sellers revised offers upward throughout the day amid improving sentiment in

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