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Indian steel market remains under pressure amid subdued demand

Source: BigMint Apr 28, 2026 10:00
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Steel Global
PELLEX falls INR 200/t, tracking weaker iron ore fines bids at OMC auction. Cautious sentiment, muted construction activity pull down IF, BF rebar prices
Indias steel and raw material prices declined across most segments in the week ended 25 April 2026. Pellet prices weakened following lower auction bids and subdued demand, while imported scrap and manganese alloys also softened amid limited buying interest and ample supply.   In semi-finished and finished steel, sentiment remained cautious.

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