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Tag: India long steel composite index up 4% w-o-w

  • India long steel composite index up 4% w-o-w

    India long steel composite index up 4% w-o-w

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    by

    Shubham
    in

    Longs were significantly aided by a spurt in demand and rise in raw material prices, especially in the induction furnace (IF) space. Prices of IF-grade rebar increased by around INR 1,000-3,900/t ($12-47/t) across regions amid improved demand and cost push from raw materials like billets and sponge iron. The improved demand for IF rebars can…