Author: Sandeep Goyal
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India: Rebar Market in West surge by INR 700-1,100/MT
Rebar prices in Mumbai & Ahmedabad have increased by INR 700/MT and INR 1,100/MT W-o-W respectively. Rebar prices in Maharashtra have gone up by upto INR 700/MT since power subsidy was removed by the state government last week. The decision to rollback the subsidy taken today and extend it till 31 Dec, 2014 is likely…