Author: Neesha Sen
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India: BF-route rebar prices rise w-o-w on tight supplies; buying activity gains momentum
Maintenance shutdowns tighten supplies, lifting BF-route rebar prices Project demand and stock replenishment support market sentiment Trade-level BF-route rebar prices (distributor-to-dealer) increased by INR 2,200/t ($23/t) w-o-w to INR 50,900/t ($532/t) ex-Mumbai, according to BigMint’s assessment on 31 July. Trading activity improved during the week as buyers resumed procurement amid strengthening market sentiment. Sentiment remained…