Author: Akshay Bedekar
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India: Rebar prices drift lower on weak demand
Induction furnace (IF) rebar prices declined by INR 100-500/t, d-o-d, on 22 Nov’21, in major markets, SteelMint assessment shows. Decreasing raw material prices and dull demand in the spot market remained major factors behind the fall in rebar prices in today’s trading session. Meanwhile, manufacturers at a few locations are keeping offers stable, also offering…