Author: Piyush S Verma
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India: Secondary rebar prices remain subdued on weak demand
Induction furnace (IF) grade rebar prices declined further by INR 100-800/t d-o-d in most of the major markets in India, SteelMint assessment shows. Decreasing raw material costs and dull demand remained major factors behind falling rebar prices. Meanwhile, manufacturers in a few locations are keeping prices stable and offering trade discounts to recover losses. Limited…