India steel index rises w-o-w as Middle East tensions drives energy, input costs higher

BF-origin rebar prices at 3-year high in Mar'26Trade-level flat steel prices soar on rising energy, input costs. Mills may again raise rebar prices on fast inventory drawdown

Even after rising sharply the week before last due to rising geopolitical disruptions and escalating costs, India steel composite index, a barometer of the domestic market, continued its upward trajectory, although the momentum slackened a bit compared with the week before. As against a w-o-w surge of 2.3% the week