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India: Billet index softens by INR 300/t on weak buying activity

Source: BigMint Aug 24, 2026 08:30

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Weak steel demand limits billet buying after price rally. Sponge iron prices ease as buyers remain cautious

Billet index declined by INR 300/t d-o-d to INR 39,500/t exw-Raipur on 20 August 2026, as correction marks a pause after the recent price rally amid weak buying interest and subdued downstream demand put pressure on the semi-finished steel market. Despite a modest reduction in spot offers, market participation

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