The spread between blast furnace (BF) and induction furnace (IF) route rebar in October 2022 was at a record low of INR 800/tonne ($10/t), as per data maintained with SteelMint. The average monthly BF-route rebar prices in October were at INR 56,400/t ($691/t) and IF grade, at INR 55,600/t ($681/t).
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