Author: Admin Operation
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Have Indian long steel prices bottomed out?
Indian rebar prices have corrected by about INR 1,500-2,000/t, since first week of Nov. Rebar price spread between large and small mills has widened to about INR 8,000/t against a normal level of INR 4,000-5,000/t. Large mills may cut prices but smaller mills have limited room for correction. Indian finished long steel demand has been…