Author: Piyush S Verma
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India: IF-route rebar prices supported by higher raw material costs
Induction furnace rebar prices increased by INR 100-800/t d-o-d except in major supplying markets of western India, SteelMint’s assessment shows. Increasing sponge iron prices following rise in semi-finished steel prices compelled manufacturers to raise rebar prices. In addition, production cut at mills across the regions was also a factor which supported rebar prices. However, trading…