Author: Shubham
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India long steel composite index down 0.1% w-o-w
Longs price stayed supported essentially because of the recent production cuts from the larger mills which encouraged them to raise list prices by around INR 500/t ($6/t) earlier in the month. It may be recalled that rebar inventories had fallen to a three-month low of around 500,000 t in early March in a knee-jerk reaction…