Author: Piyush S Verma
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India: Secondary rebar price remains supportive on rising billet prices
Induction grade rebar market witnessed an uptrend today, owing to rising semi-finished steel prices. In major markets of North, East and Central regions, rebar price increased by INR 250-500/t d-o-d while in the Western and Southern regions (except Chennai) moderate buying inquiries and trades in rebar steel along with slight recovery in billet prices pushed…