Author: Kameshwar Rao
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India: IF-route rebar prices inch down d-o-d in Raipur
Induction furnace-route rebar prices corrected downwards by a marginal INR 200/t to INR 51,300/t exw in Raipur. Finished steel prices dropped following the decline in raw material prices (sponge iron and steel billets) along with limited buying enquiries despite high discounts. Around 1,600 t transactions were recorded in today’s trading window. Prices in other major…