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India: Billet index extends gains amid limited buying on elevated offers

Source: BigMint Aug 20, 2026 08:41

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Buyers in semis remained cautious over elevated spot offers. Finished steel and sponge iron surges on modest buying support

Billet index increased by INR 200/t d-o-d to INR 39,400/t exw-Raipur on 18 August 2026, extending its recent upward trend despite restricted buying activity. The increase was primarily supported by elevated seller offers, tighter availability of quality raw materials and improving market sentiment, while buyers remained cautious at higher

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