Weekly round-up: Weak steel demand pressures Indian longs, while flat steel prices continue rising

NMDC increased iron ore prices, while weak downstream demand continued pressuring pellet and sponge markets. Rebar and semi-finished steel prices declined amid rising inventories, subdued demand, and cautious market sentiment.

Indian steel markets witnessed mixed trends this week as weak long steel demand pressured prices, while flat steel markets strengthened following mill price hikes. Iron ore and pellet India's largest merchant iron ore mining company, NMDC, announced its list prices of iron ore CLO (calibrated lump ore) and fines on 6