Author: Piyush S Verma
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India: Rebar trade gains momentum on improved enquiries
IF-based rebar producers saw demand improving in most major markets today. Rebar prices increased by up to INR 1,100/t in key markets, except in the southern and western regions. Rising semi-finished steel prices and improvement in buying enquiries prompted manufacturers to increase or adjust rebar prices, as per market requirements. Prices in the near term…