The India Composite Steel Index continued to ricochet back and forth in an extremely narrow range and last week was no exception. It closed at 138.70 points compared to 138.50 seen in the preceding week, up a negligible 0.1% w-o-w. Overall, the index has been hovering at near-about three-year lows for many weeks now. Similar levels were last seen in the second and third weeks of January 2021.
