India Steel Index is at two-year low; what lies ahead? Check analysts views
Meanwhile, the Nifty Metal index has also declined 0.79 per cent year-to-date (YTD), and the S&P BSE Metal has slipped 1.09 per cent around the same time.
The India steel composite index, which sets the benchmark to understand carbon steel price changes across flat and long products in the domestic market, fell to a two-year low for the week ending January 27, 2024. According to the Steelmint website, the index has been consistently falling for 16 straight weeks to hit a two-year low on January 27.
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