Author: Piyush S Verma
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India: Rebar demand remains weak in major markets
The IF rebar market witnessed weak buying enquiries and muted trade across regions in the country. At most locations, manufacturers adjusted prices by INR 200-500/t, d-o-d, in accordance with previous booking orders and steel billet prices in the key markets. Lack of demand for rebar and weak sentiments in the semi-finished steel market have put…