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India steel index rises to over 4-year high on strong demand amid declining inventories

Source: BigMint Sep 23, 2026 10:00

Flat steel market strengthens on price hikes by major mills. BF-route rebar prices climb higher amid tightening supplies. Firm domestic HRC prices enable mills to raise export offers

Morning Brief: India steel composite index increased by 2.5% w-o-w on 18 September 2026, extending its rally for the ninth consecutive week and reaching its highest level in more than four years. The index edged higher as prices strengthened across both long and flat steel segments, supported by lean

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