Author: Piyush S Verma
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India: IF re-bar prices remain weak on lack of deals, dull demand
Trading in induction furnace (IF) re-bar steel remained weak today, with prices fluctuating to the tune of INR 100-300/t, d-o-d, in most markets, as per SteelMint reports. Lack of buying enquiries and subdued trade in the spot market resulted in the decline in re-bar prices. Besides, weak semi-finished steel prices lowered re-bar transactions that pressured…