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

Declining global prices attract Indian end-users Predatory pricing drags down domestic prices Higher import duties on Chinese steel probable Morning Brief: India will continue to be a net steel importer in the first half of financial year 2024-25 (H1FY’25), forecasts BigMint. The trend actually started in the April-June quarter (Q1FY’25) of the current fiscal, and…