Author: Piyush S Verma
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India: Re-bar prices rise by up to INR 600/t on rising enquiries
Induction furnace re-bar prices increased today by INR 100-600/t in the key markets, SteelMint assessment shows. Rising semi-finished steel prices and improvement in buying enquiries and transactions for re-bar steel in the spot market offered the necessary support to manufacturers to increase offers. Prices in the near term are expected to remain supported owing to…