India steel index drops further due to Holi slowdown, muted trade sentiment

Mills raise BF rebar prices despite softening trade sentiment. HRC, CRC prices remain rangebound ahead of Holi trade slowdown. Increasing volatility likely in coming weeks if Iran crisis intensifies

India steel composite index, a barometer of the domestic market, edged down by 0.2% w-o-w, as assessed on 27 February 2026, continuing the declining trend seen the previous week after a sustained nearly two-month rally in the steel market. Trade sentiment in the finished steel segment remained cautious after