Author: Piyush S Verma

Induction furnace rebar prices plummeted further by up to INR 1,500/t, d-o-d, in the key markets of the country on 15 Nov’21. A sharp fall in raw material prices across locations impacted spot trading activities, as per SteelMint reports. Persistent decline in prices turned traders cautious, resulting in delay in procurements, sources informed.