Author: Kameshwar Rao
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India: Weak demand weighs on Raipur rebar prices
Induction furnace-route rebar (10-25mm) prices edged down by INR 200/t d-o-d to INR 50,700/t due to dull demand and fall in raw material (sponge iron and billets) prices. Sources informed that IF rebar sellers have come under pressure as blast furnace-route rebar prices decreased by around INR 2,000/t, m-o-m. Prices in other markets also corrected…