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 100-800/t in most of the major markets in India on 23 Jun’21, as per SteelMint reports. Dull demand for rebar and prevailing weak sentiments in the semi-finished steel market are believed to be dragging down prices thereby forcing manufacturers to reduce offers. However, in a few…