Author: Akshay Bedekar
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India: IF rebar prices surge up to INR 3,000/t ($40) on healthy demand
IF rebar prices increased sharply today by INR 700-3,000/t across regions on strengthening raw materials prices as well as semi-finished steel prices. Healthy future bookings in finished steel during yesterday’s trading session – even on an off-day – resulted in the surge in offers today. Trader sources informed SteelMint that near-term prices are unlikely to…