India steel index extends correction amid trade market slowdown

HRC, CRC prices drop amid festive trade slowdown, liquidity pressure. BF rebar remains firm while IF steel prices show mixed trends. BigMint's domestic HRC benchmark remains below landed cost of imports

India steel composite index declined 0.4% w-o-w as of 23 October 2026, following a 0.8% decline in the previous assessment. Last week's drop marks the second consecutive weekly correction after the index's 11-week rally. The flat steel composite index fell 0.6%, while the long steel composite index declined a