India steel index drops to 6-month low on increased inventory pressure amid seasonal slowdown

Mills reduce BF-rebar prices by INR 1,000-3,000/t, IF steel prices weaken tooTier-1 steelmakers cut HRC list prices by INR 1,000/t for Jul'26, trade prices softenBulk HRC imports fall sharply in June but finished steel imports rise marginally

India steel composite index, a barometer of the domestic market, edged down by 1.3% w-o-w, as assessed on the week ended 10 July 2026, with domestic prices deteriorating further with the onset of monsoon in different parts of the country, inevitable disruptions in infrastructure and construction activities, and fast-accumulating