India steel index stable w-o-w amid need-based demand, inventory pressure

HRC prices stable, CRC rises marginally w-o-w. BF rebar trade prices decline by INR 1,000/t (over $10/t). Seasonal weakness to weigh on market amid rising inventory

India steel composite index remained flat w-o-w, rising by just 0.1% in the week ending 29 May 2026. Steel prices started moderating in April, after the Middle East crisis triggered a rally in March, with the fiscal year-end demand and consumption momentum starting to slacken somewhat in April. Trade