Tag: India’s long steel composite index down 0.5% w-o-w

Long steel prices produced via the IF route decreased w-o-w. Rebar prices fell by up to INR 1,100/t ($13/t) w-o-w, as per BigMint assessment. Weak buying enquiries at higher offers compelled sellers to offer discounts. As adequate material had already been booked over the past few weeks, buyers resorted to need-based buying. Steel billet prices,…