Steel inventory levels at record low for both primary, secondary mills

Indian primary steel mills are sitting on very low inventories with leading producer JSW’s finished steel inventory level sliding far below 15 days of stock. Likewise, PSU long steel major RINL has reported decline in inventory, sources informed SteelMint. Secondary steel-makers too are running at negative inventory at a time when producers are replete with orders amid rebar prices hovering at multi-year highs.