India steel index drops w-o-w as prices decline amid monsoon slowdown

Rebar prices decline across markets on inventory pile-up. Weak trade sentiment puts pressure on HRC prices, CRC stable w-o-w. Market expects further correction in rebar, HRC likely to remain rangebound

India steel composite index fell by 0.5% w-o-w, as assessed on 17 July 2026 last, as domestic steel prices continued their downward trajectory with the seasonal slowdown impacting construction and housing projects. Inventory pile-up across markets and product categories pointed to subdued demand in the trade and distributor channels. Both