India steel index drops w-o-w as geopolitical tensions and cost pressures ease

HRC, CRC trade prices fall by INR 700-900/t ($7-9). BF rebar trade prices decline by INR 700/t ($7) w-o-w. Prices may soften from elevated levels as ceasefire talks continue

India steel composite index edged down by 0.9% w-o-w, as assessed on 24 April 2026, with domestic steel prices witnessing marginal corrections from elevated levels. As ceasefire talks in the Middle East continued and critical raw material costs softened, domestic steel prices showed a downward bias in the trade