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India steel index continues to trend down as market battles weak demand

Source: BigMint Jan 22, 2025 10:00
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Steel Demand Global Price
Buyers reject list price hikes for BF rebars, HRCs. Mills withdraw HRC export offers amid dull trades. Total HRC imports may edge down m-o-m in Jan.
Morning Brief: BigMint's India Steel Composite Index slipped 0.2% w-o-w to 127.9 points on 17 January 2025 as the market faced another listless week, marked by dull demand. Notably, the index had also dipped in the week ending 10 January, by 0.7% w-o-w.   Both the longs and flats sub-indices inched down

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