Tag: India Flat Steel Composite Index up 0.5% w-o-w

As with rebars, mills undertook strategic maintenance shutdowns in April. This included 15-day shutdowns of a hot strip mill (HSM) and a cold rolling mill (CRM) of a large tier-1 producer. The shortfall in CRCs is estimated at 90,000 t, over the last fortnight. The supply tightness supported the price hike of around INR 500/t…