[SMM Steel] Raipur Billet Edges Down on Weak Buying

Published: Jun 26, 2026 16:53

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[India] Raipur billet index fell by around 1 USD/tonne to about 451 USD/tonne EXW, as buyers slowed fresh procurement after sufficient bookings in the previous session. Weak enquiries and softer sentiment in neighbouring markets kept spot trading limited. Rebar and wire rod prices stayed stable, while sponge iron eased by around 1 USD/tonne. The PDRI-to-billet conversion spread stood at about 171 USD/tonne."

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