Author: Abhishek Bhalla
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India: BF-grade rebar prices increase by INR 4,000/t ($54) for Apr ’21
Large integrated steel mills (both state-owned and private) have raised their finished steel prices by around INR 4,000/t, trade sources reported to SteelMint. The current offer for rebar (12-32 mm) stands at INR 52,000-53,500/t ex-Mumbai, excluding GST, varying on different brands. Bullish market sentiments in the secondary long steel market, healthy allocations in the project…