India: Billet index surges on higher raw material costs, positive regional sentiment

Source: BigMint Aug 31, 2026 08:30

Higher sponge iron costs, tighter raw material supply drive sharp hike. Semis buying remains cautious as downstream demand struggles

Billet index increased sharply by INR 1,100/t d-o-d to INR 41,700/t exw-Raipur on 26 August 2026, supported by stronger price cues from neighbouring markets, rising raw material costs and higher production expenses. However, buying interest remained limited across semi-finished and finished steel segments as buyers remained cautious after the

Price Curve

Daily Prices

HR strip prices: Wuxi

Sep 01, 2026 10:48
Welded pipe prices: Nanchang

Sep 01, 2026 10:48
Steel strand prices: Changsha

Sep 01, 2026 10:48
Steel strand prices: Chengdu

Sep 01, 2026 10:48
Industrial carbon round bar prices: Nanjing

Sep 01, 2026 10:48

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