Author: Piyush S Verma
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Western India: Rebar prices decline by INR 500/t ($7) in Mumbai
Mumbai based prominent induction grade rebar manufacturers today reduced their rebar offer by INR500/t after keeping it unchanged for over a week. The current rebar offer for 10-25 mm size stands at INR 47,600/t exw. Weak demand due to lockdown restrictions in the city and falling raw material prices were the main reasons for decrease…