Author: Akshay Bedekar
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India: Rebar prices continue downtrend on weak market sentiments
Induction furnace-route rebar steel prices corrected further in some markets by up to INR 800/t, as per SteelMint assessment, as the downtrend in prices continues. Limited trades were seen today amid constrained material movement and with raw material suppliers offering discounts. The market is expected to remain volatile in the near term due to the…