Author: Akshay Bedekar
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India: Rebar prices remain supported on rising billet prices
Induction route rebar prices remained supported across regions. Prices were recorded as stable in some markets and also increasing by up to INR 600/t d-o-d. A sharp surge in steel billet prices prompted manufacturers to keep offers firm. However, purchase enquiries are limited. Blast furnace route rebar producers announced a hike in prices by INR…