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India: Pre-Diwali steel demand stays plain; Q3 may see shimmer

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Early morning Quick: The absence of demand seen for the last fortnight expanded into the current week. The India Steel Composite Index dipped additionally for the week finished 21 October by 0.6% to end at 151.90 factors against the previous close of 152.90 points.Longs bordered down one more 0.75% to 153.20 factors (154.40 factors).

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Steel Composite index down for three weeks in a row. Inflationary pressures keep buyers away. Lower raw material costs, EU output cuts may bring cheer in Q3....

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