Tag: India’s steel index continues to fall; bearish trend may persist

HRCs pressured by imports surge, slack exports Rebars ride pre-poll restocking, production cuts Will market absorb mills’ recent price hikes? Morning Brief: The HRC-rebar spread reversed sharply again in September, 2024, after normalising in the preceding month, reveals BigMint data. Usually, hot rolled coils (HRCs) are sold at a premium to rebars. However, HRCs consistently…