India steel index rebounds sharply w-o-w but will rally sustain?

Primary mills hike BF rebar prices by $6-11/ w-o-w. Strengthening coking coal prices support steel prices. Next round of HRC list price hike likely in first week of Jan'26

Morning Brief: India steel composite index, a barometer of the domestic steel market, edged up sharply by 2.2% w-o-w, as assessed on 26 December, to reach levels last seen in mid-September 2025. The sharp uptick was due to price hikes undertaken by mills amid firming up of raw materials