Author: Suyash Jain
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India: BF rebar trade prices fall by INR 600/t ($7/t) w-o-w in subdued market
India’s trade-level blast furnace (BF) rebar prices dropped w-o-w amid subdued domestic demand and limited buying interest. Additionally, some mills offered rebates/discounts on their list prices, BigMint heard from market sources. Trade-level BF rebar prices fell by INR 600/t ($7/t) w-o-w to INR 52,400/t ($616/t) exy-Mumbai, as per BigMint’s assessment on 20 December 2024. Prices…