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India steel index drops w-o-w on inventory pressure, soft trade sentiment

Source: BigMint Jun 17, 2026 10:14
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BF rebar prices drop to 5-month low in early June. HRC prices weaken on muted downstream demand. Longs may decline further, flats to remain stable
India steel composite index declined by 0.6% w-o-w, as assessed on the week ended 12 June 2026, as steel prices weakened further on slow trade market conditions, although currency depreciation contributed to volatility in the imported raw materials markets and added to the cost burden for producers. Need-based buying

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