Author: Piyush S Verma
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India: IF grade rebar prices continue to move southwards
Induction furnace grade rebar prices declined further by INR 100-500/t d-o-d in the major supply regions of the country, as per SteelMint data. A sharp fall in semi-finished steel prices by up to INR 950/t seemed to have affected spot trading activities for rebar in the market. Continuously falling prices turned traders wary as they…