Tag: India long steel composite index up 2.3% w-o-w

Indian tier-1 mills increased rebar list prices by INR 1,000-2,000/tonne ($12-24/t) during the week under review. Trade-level prices followed with a w-o-w rise of INR 1,500-2,200/t ($18-26/t). The market witnessed a shortage in supply of certain sizes. Demand in the traders’ market remained subdued but prices remained supported as sellers were busy supplying pre-election orders.…