India: Steel index shows slow recovery; US steel tariffs cast shadow on exports

Source: BigMint Feb 19, 2025 10:00

Rebar prices rise as inventories decrease. HRC market stagnates amid weak demand. HRC imports continue but exports struggle.

Morning Brief: BigMint's Steel Composite Index remained range-bound against the previous week, gaining by a mere 0.3% to settle at 129.7 points on 14 February 2025. The index continued to make slow recovery, primarily on the back of a buoyant induction furnace (IF) rebar market. Accordingly, among the sub-indices, steel longs