Author: Piyush S Verma
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India: Induction route TMT prices subdued on weak demand
India’s induction furnace route re-bar market remained dull for the fourth day in a row owing to weak buying enquiries and limited trades in the spot market. TMT prices declined by INR 100-400/t, d-o-d, in most major markets in India, SteelMint assessment shows. Decreasing raw material costs and dull demand remained the major factors behind…