Author: Kameshwar Rao
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IF-origin rebar trades improve in western India
Maharashtra and Gujarat-based IF mills concluded 12,000 t of rebar deals today, while 2,700 t of trades were done by suppliers in Raipur. Due to adequate bookings by Raipur mills it is unlikely that prices will drop in the near term. Further, excess raw material supply in the local market, especially sponge, may lead to…