Author: Piyush S Verma
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India: IF grade rebar prices fluctuate amid weak trading across regions
Induction furnace route rebar markets witnessed limited buying enquiries on 30 Jun’21, while prices fluctuated by INR 100-300/t d-o-d in major markets, SteelMint assessment shows. However, a few manufacturers kept rebar offers stable and offered trade discounts as per market requirements. Sources informed that bearish sentiments and soft demand were pressuring rebar manufacturers to reduce…