Tag: India steel composite index drops further as market downtrend deepens. Is recovery in sight?

BF-rebar prices decline by INR 1,100/t ($12) w-o-w HRC export prices to the EU edge down Speculation rife around hiking of safeguard duty Morning Brief: The depression in the domestic steel market deepened towards mid-June 2025, with steel prices continuing their steady downward spiral. BigMint’s India steel composite index, a fixed reference point for the domestic…