Blast furnace (BF)-route rebar prices remained flat w-o-w on the back of limited buying interest from end-users. Current BF-route rebar (12-32mm, Fe500D) prices are assessed at around INR 58,500-59,500/t exy-Mumbai, excluding GST at 18%. Trade channel checks are anticipating prices to move up in a couple of days due to the spike in the secondary market. The gap between IF- and BF-route rebar is approximately at INR 3,300/t levels in Mumbai.
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