After flickering into positive zone after five weeks, the BigMint India steel composite index fell back into its range-bound groove yet again as it closed the week ended 12 April at 139.7 points. It had closed the previous week at almost similar levels. It may be mentioned, the index has been moving in a highly narrow range for well over two years now, with most of its weeks seen in negative territory. The last time it had closed up a healthy 8.1% was way back in March 2022. Since then, it has never been able to regain similar levels of w-o-w growth.
