After six weeks of a more or less positive run, the BigMint India Steel Composite Index slid into negative zone and has stayed there for two consecutive weeks now. It dipped a further 0.2% to 145.6 points for the week ended 24 May, 2024 compared to the previous closing of 145.9. However, the index is still hovering at a six-month high as this level had been last seen on 17 November 2023. Longs are now on a stickier wicket, slipping marginally w-o-w while flats remained stable.
