Author: Piyush S Verma

Induction furnace (IF) grade re-bar prices fell by INR 100-700/t (d-o-d) on 18 May’21 in major Indian markets, as per SteelMint reports. Limited buying interest was the outcome of traders unwilling to procure large volumes at high prices. Correction in semi-finished steel prices, too, pushed manufacturers to slash re-bar offers. However, in a few specific…