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India steel index edges lower w-o-w; looming monsoon dampens trade momentum

Source: BigMint May 28, 2025 10:00

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Subdued demand drags down BF, IF rebar prices. Labour shortages, liquidity crunch impact HRC tags. Monsoon-led demand lull to keep near term bearish.

Morning Brief: Indian steel prices weakened across the board last week, with the onset of the southwest monsoon curtailing demand from key sectors such as construction. In tandem, BigMint's India Steel Composite Index dropped 0.6% w-o-w to 135.8 points on 23 May 2025, the fourth consecutive week of decline. All the

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