Author: Piyush S Verma
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India: Secondary mills’ rebar offers fall by up to INR 500/t ($7)
Rebar prices fell by 100-500/t in most of the major markets, except in few specified locations of southern India. The current trade reference price for rebar (10-25 mm) is assessed at INR 37,300/t Raipur and INR 40,200/t Jalna exw. Limited buying inquiries and uncertain market direction pressured mid-sized rebar manufacturers to reduce their offer.