Tag: India: Steel price index drops 1.5% w-o-w; but prices may have bottomed out

Composite steel index drops 1.5% w-o-w Production cuts pay off for flat steel, demand flicker seen Thermal coal keeps longs supported Morning Brief: In the week ending 5 August, 2022, the SteelMint India Steel Composite Index dropped 1.5% to 155.60 points. The longs index was down 2.17% w-o-w while flats dipped 0.90%. Factors working in…