Author: Abhishek Bhalla
-
India: Primary mills likely to cut finished long steel prices for Jul’21
Major Indian steel mills are likely to cut their finished long steel prices for Jul’21 deliveries. Consequently, rebar and wire rod prices are expected to come down further. There may be region-wise price variations, depending on projects and retail segments, as per SteelMint’s analysis. Mills may adjust prices due to following factors: Higher inventory: Indian…