India: Secondary rebar prices increase by up to INR 600/t ($8)

The induction grade-rebar market witnessed improvement in trades and buying inquiries today. The prices climbed by INR 100-600/t d-o-d in most of the major supplying locations. However, in a few specified markets, manufacturers kept their offers stable but strengthening semi-finished steel prices and a slight improvement in trades prompted them to adjust their discount offers as per the requirement in the market, sources reported to SteelMint.


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