Author: Abhishek Bhalla
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India: Rebar Price Gap Between Large and Medium Mills Drop to 6 Months Low
The monthly average re-bar price gap between large & medium/small scale mills have dropped down to 6 months low to INR 4,000-4,100/MT (USD 57-59). However, price difference on spot basis (price assessed as on 27th Sep) has narrowed down to INR 2,500-3,000/MT. It is learnt that large mills are selling at discounted prices to liquidate…