Tag: Steelmint: Muted buying interest weighs on India Steel Composite Index

SteelMint’s India Steel Composite Index declined by another 1.9% to 183.2 this week, marking the fifth consecutive week of decline. The major primary long steel producers reduced their prices for both induction furnace (IF) and blast furnace (BF) routes on mounting inventories and the downtrend in prices in the trade segment. Meanwhile, buying interest continued…