Author: Piyush S Verma

The induction furnace (IF) grade re-bar market witnessed optimistic sentiments today with prices moving up by INR 100-200/t in the major markets, SteelMint assessment shows. A sharp hike in prices by up to INR 600/t was observed in the western region (Maharashtra). In Hyderabad in the south, higher raw material costs (melting scrap) and improved…