Author: Piyush S Verma
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India: IF re-bar prices still stable in major Indian markets
Induction furnace (IF) grade re-bar prices remained stable in most major locations in India today, SteelMint assessment shows. However, in a few markets prices dropped by up to INR 300/t d-o-d owing to limited demand and spot trading activity. As per market participants, in a bid to dispose pending orders and dispatches, some producers have…