Author: Piyush S Verma
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India: Rebar offers in secondary market decline as demand weakens
Secondary rebar market today observed limited demand and buying inquiries, following which most of the rebar manufacturers from major supplying regions reduced their offer by INR 200-900/t d-o-d. Meanwhile, several rebar producers in northern and western regions have closed their bookings owing to sharp recovery in semi-finished (ingot/billet) steel prices. Current trade reference price for…