India steel index stays range-bound for months. What to expect in Q4FY'24?

Source: Steelmint Nov 22, 2023 10:00

Cost push, imports, dull exports keep index in narrow groove. Mills may factor in rising coking coal prices in Q4. Global easing in interest rates may spell good news for steel.

Morning Brief: The India Steel Composite Index closed flat for the week ending 17 November, 2023 at 145.60 points. The India Flat Steel Composite Index was also stable, at 150.60 points (150.70 in the previous week). In a similar vein, the India Long Steel Composite Index remained inert w-o-w at 140.7. However,