Author: Akshay Bedekar
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India: IF re-bar trade remains weak in major markets
The induction furnace route re-bar market today saw prices fluctuating by INR 200-500/t, while a sharp was fall observed in the Hyderabad market by INR 700/t. Weak sentiments in semi-finished steel prices and rainfall in many states are slowing down trading activity thereby putting pressure on manufacturers to adjust prices as per inventories at mills…