Author: Piyush S Verma
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India: Secondary rebar price decreases by up to INR 900/t ($12)
The induction grade rebar market witnessed limited trades and buying inquiries in most of the regions today as well with prices declining by INR 100-900/t except in the Western region. Limited demand and drop in semi-finished steel prices led to decline in rebar prices. However, in Western region, despite moderate trades, manufacturers kept their offers…