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India: Billet index gains as demand strengthens amid firm regional sentiment

Source: BigMint Aug 13, 2026 08:54
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Stronger bookings from neighbouring markets aid spot offers. Sponge iron and finished steel prices gain on modest buying support
Billet index increased by INR 350/t d-o-d to INR 38,550/t exw-Raipur on 11 August 2026, supported by stronger buying interest and firm sentiment in the neighbouring markets. Improved procurement during the previous and current trading sessions enabled producers to raise spot offers, while healthier billet bookings helped absorb available

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