Author: Piyush S Verma
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India: Dull demand continues to drag secondary rebar prices down
Induction furnace grade rebar manufacturers in major markets have reduced their prices by INR 100-400/t d-o-d, as per SteelMint reports. Low buying enquiries and lower-than-usual spot trading have resulted in a downtrend in prices. According to sources, traders have turned cautious on continuously falling prices amid seasonal slowdown in the construction industry and are not…