Author: Piyush S Verma
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India: Secondary mills’ rebar prices drop by up to INR 500/t ($7)
Induction grade rebar prices dropped by INR 200-500/t on a d-o-d basis in major supplying locations of India. As per the trade participants, manufacturers lowered their offers due to limited demand and buying inquiries in the market amid downtrend in semi-finished (ingot/billet) prices.