Author: Neesha Sen

India’s induction furnace (IF)-route rebar prices remained under pressure in August 2024. Rebar (Fe 500) prices dropped in the range of INR 200-1,700/tonne (t) m-o-m as per BigMint data. IF route manufacturers are maintaining current price levels, believing the market has bottomed out. Their reluctance to reduce prices further suggests an expectation of recovery or…