India steel composite index down by 1.2% w-o-w

The India Steel Composite Index from 2020 to 2024, impacted due to various event over the years.In 2020, the index was at a base value of 100, and it steadily increased until 2024. The index experienced a significant drop around the time of the Russian invasion of Ukraine, likely due to global market volatility. The index then surged to an all-time high following the Indian government’s removal of export tariffs, indicating a boost in steel exports.However between this week India steel composite index went down by 1.2% w-o-w.