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India steel index edges down w-o-w on rising inventories, softening trade sentiment

Source: BigMint May 20, 2026 08:30
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BF rebar trade prices drop $15/t w-o-w. Flat steel prices weaken on subdued enquiries. HRC export index to EU falls by $10/t w-o-w
India steel composite index, a barometer of the domestic steel market, edged down by 0.9% w-o-w as domestic prices weakened on inventory buildup and soft demand, with geopolitical tensions subsiding somewhat. Although the inflationary impact of the crisis in the Middle East still casts its shadow over the domestic

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