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Indian steel market stagnation worsens in Nov'25, outlook remains gloomy

Source: BigMint Dec 05, 2025 08:30
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Steel Global
Domestic HRC prices drop by 2% m-o-m, rebar market weak. Iron ore prices firm up after OMC auction, NMDC revision. Weak global sentiments to weigh on recovery prospects in Q4FY'26
Morning Brief: Indian steel prices in November 2025 showed a downward trend due to the slowdown in trade momentum and the rapid buildup of inventories belying expectations of a post-festive trend reversal. With prices languishing at five-year lows, it appeared as if the downtrend entered into a phase of stagnation

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