Author: Akshay Bedekar
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Indian primary mills may lift rebar prices for Aug’21 deliveries
Rebar prices through the blast furnace (BF) route may strengthen for next month’s deliveries, ie, Aug ’21, despite mills experiencing selling pressure in most regions due to the monsoon which generally slows down construction activities. That apart, production cuts and logistical issue relating to raw materials are also weighing on mills. Factors that may contribute…