Tag: India’s long steel index up 0.7% w-o-w

While longs remained slightly supported by the production cuts from mills, flats were not so lucky in a week turned sluggish by Holi, the year-end and liquidity crunch. In longs, trade-level blast furnace-(BF) route rebar prices remained mostly stable w-o-w, rising in select markets. As a result, prices rose a nominal INR 300/tonne ($4/t) to…