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Tag: India long steel composite index up 0.5% w-o-w

  • India long steel composite index up 0.5% w-o-w

    India long steel composite index up 0.5% w-o-w

    —

    by

    Shubham
    in

    Tier-1 mills undertook production cuts to restore some supply-demand balance. The longs index rose a minor 0.50% w-o-w because of lesser inventory pressure on tier-1 mills, although trade-level prices of blast furnace (BF) rebars dropped w-o-w amid slow buying interest. The current week’s trade-level BF rebar prices dropped by INR 200/t ($2/t) w-o-w to INR…