Indian steel prices rise again in Feb'26 but at slower pace as bullish sentiment fades

Steel demand slows from mid-Feb amid price resistance, Holi. Rising coal, firm iron ore prices support steel price uptrend. BF rebar records sharpest hike among finished steel at 8% m-o-m

Indian steel prices continued to increase in February 2026 (as per monthly averages), but the pace of growth slowed sharply compared to January. Where January had recorded percentage increases in the range of 9-14% m-o-m across semi-finished and finished steel, in February, the growth was limited to a modest 1-3%, except