India steel index up 2% w-o-w after safeguard duty recommendation. Prices to remain buoyant

Source: BigMint Mar 26, 2025 10:00

Trade-level HRC offers rise up to INR 1,700/t w-o-w. Leading mills hike BF rebar prices by INR 500-750/t. HRC imports to edge lower, capacity utilisation likely to rise.

Morning Brief: BigMint's India steel composite index, a barometer of the domestic market, witnessed an uptick of 2% w-o-w to reach 135 points on 21 March, 2025 following the much-awaited announcement of a 12% provisional safeguard duty recommendation by the Director General of Trade Remedies (DGTR) on imports of alloy

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