Author: Kameshwar Rao
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Low demand pulls down Indian rebar prices by up to INR 3,000/t w-o-w in major locations
Induction furnace (IF)-route rebar prices dropped drastically w-o-w in major locations in the country on account of slow demand amidst less buying interest and piling up of inventories with the suppliers. Prices slid down by around 6% in central India’s Raipur, followed by 4% in Durgapur, 4% in Jalna and 1% w-o-w in southern India’s…