Author: Sandeep Goyal

Rebar prices correct by INR 500-700/MT W-o-W due to increased negative sentiment and traders staying away from the market anticipating further fall in prices. Rebar prices hold only in Mumbai owing to shortage of Semi-finished steel. Prices in all major markets fell by INR 300-700/MT W-o-W due to low Billet prices. A market participant said,…