India: Secondary rebar prices strengthen by INR 200-500/t ($3-7)

Indian secondary rebar market remained strong with an increase in prices by INR 200-500/t d-o-d. Hike in billet prices improved buying inquiries and trades in rebar, mainly in the western region, which led to a rise in rebar price. Also, few mills raised offers to match up with others, sources shared SteelMint.


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