October 5, 2026
Business

Indian steelmakers have a problem: weak demand + high inventories = low prices(Soban News)

Steel prices in India have dropped to a nine-month low for hot rolled coils and to the lowest since November 2020 for rebars. Analysts predict continued pressure on prices due to weak demand and high inventories, with recovery dependent on construction activity in the third quarter.

​Steel prices in India have dropped to a nine-month low for hot rolled coils and to the lowest since November 2020 for rebars. Analysts predict continued pressure on prices due to weak demand and high inventories, with recovery dependent on construction activity in the third quarter. by Soban News (international And National News)

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