Author: Piyush S Verma
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India: Rebar Prices of Secondary Mills Plunge Owing to Weak Demand
Secondary rebar mills have continued to lower their offers in line with market requirements on account of limited buying inquiries from retailers. As per SteelMint assessment, offers have plunged by INR 600-2,000 (USD 8-27)/MT, W-o-W. Market uncertainty and progressive decline in finished steel prices engrossed trade associates to be cautious for future bookings. Considering existing…