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India: Billet index declines d-o-d after extended rally

Source: BigMint Sep 16, 2026 10:00
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Weak finished steel demand continues to weigh on billet trade. Market activity remains subdued amid Ganesh Chaturthi holiday
Billet index declined by INR 400/t d-o-d to INR 43,600/t exw-Raipur on 14 September 2026, ending the recent price rally. Market activity remained subdued as several participants were operating at limited levels amid the Ganesh Chaturthi holiday. Meanwhile, weak downstream steel demand continued to weigh on billet procurement, prompting

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