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India steel index maintains upward trajectory, rises 0.9% w-o-w

Source: BigMint Feb 04, 2026 10:00
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benchmark HRC prices rise INR 600/t ($6) w-o-w. Tier-1 mills raise BF-route rebar prices by up to INR 1,000/t. Coking coal prices surge on supply disruptions, iron ore firm
Flagship India steel composite index inched up by 0.9% w-o-w, as assessed on 30 January, in a continuation of the uptrend that started in late-December. With prices bottoming out in late-2025, the leading mills had ample opportunity to increase prices through successive hikes throughout January amid surging raw material

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