Tag: BigMint’s India steel index drops to 2-month low; headwinds to continue in short term

Rebar prices fall on muted demand, lower mill offers Tight liquidity, price resistance drag down HRC tags Indian importers procure Russian HRCs after long gap Morning Brief: BigMint’s India Steel Composite Index declined for the third consecutive week on 16 May 2025, as bearish demand continued. The index dipped by 0.6% w-o-w to settle at…