Author: Piyush S Verma
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India: Rebar prices fall by up to INR 1,300/t
The induction furnace re-bar market witnessed weak buying enquiries and trading activity, resulting in a drop in prices by INR 200-1,300/t on 23 Nov’21, SteelMint assessment shows. While manufacturers at a few locations chose to keep offers stable in the hope of improving transactions, they were ultimately forced to offer trade discounts. Weak sentiments in…