India steel index rises w-o-w amid tightening supplies, inventory restocking

BigMint's benchmark rebar assessment edges up by INR 2,200/t w-o-w. Mill price hikes, maintenance shutdowns, project demand support rebar. Leading primary mills raise HRC, CRC list prices by INR 750-1,500/t

India steel composite index gained 0.6% w-o-w, rising for the first time w-o-w in over two months, as domestic steel prices edged up following list price hikes announced by the major mills. The price hikes followed tightening availability in the market, with some primary mills taking maintenance shutdowns. Project