Tag: India: Longs pull back steel index into positive zone. Have prices bottomed out?

Flat steel traverses negative zone for 12 weeks High thermal coal prices to impact electric furnaces in medium term Maintenance shutdown by tier-1 mills to help restore prices, especially for flats Morning Brief: Again, it was the long steel index, propelled by firm secondary sector longs prices, that pulled back the SteelMint India Steel Composite…