Author: Abhishek Bhalla
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Falling Seasonal Demand Weighs On Indian Rebar Market
Mid sized mills in central & western India have cut rebar production on the back of dull domestic demand. Mills have lowered production by 30-40% which lead to fall in inventories. Inventories have comparatively lowered than previous week. However in remaining markets the mills utilization remained on same line close to 80-90%, SteelMint learned in…