Author: Piyush S Verma
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India: Secondary rebar prices decline on weak buying interest
Induction furnace grade rebar prices declined by INR 100-600/t d-o-d in most of the major supply regions in India, SteelMint assessment shows. Dull demand for rebar and a sustained fall in semi-finished steel prices prompted manufacturers to reduce offers. However, in a few markets, sellers kept their offers unchanged and dangled the lure of discounts…