Mild Steel (MS) billets are semi-finished products made through continuous or ingot casting, and they sit right at the base of the value chain — every TMT bar, wire rod, angle, and channel starts life as a billet.
Wire rod — a hot-rolled product supplied in coil form and used to make binding wire, fasteners, mesh, welding electrodes, and springs — has had a notably strong start to the year.
Where prices stand: Indian wire rod prices climbed 6.9% in Q1 2026, and a further 2.3% in March alone, as construction tenders peaked ahead of the monsoon and rod-drawing and mesh-making units restoc
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