Author: Akshay Bedekar
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India: Trade-level BF rebar prices drop by INR 800/t ($9/t) w-o-w amid dull demand
Bid-offer gaps lead to cautious stance Project segment sees limited bookings India’s trade-level blast furnace (BF) rebar prices declined w-o-w, driven by weak demand, cautious market sentiment, and a monsoon-led slowdown in trade momentum. Buyers adopted a wait-and-watch approach due to the prevailing disparity between bids and offers, while distributors aimed to offload previously procured…