Author: Suyash Jain
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India: Primary mills raise rebar prices by up to INR 1,000/t ($11/t); trade prices rise w-o-w
Supply-demand imbalance keeps BF prices supported IF-rebar segment witnesses demand slowdown Indian primary steelmakers increased rebar prices by up to INR 1,000/tonne (t) ($11/t) this week, sources informed BigMint. Post-revision, list prices stood at INR 58,000-59,500/t ($640-656/t) on landed basis. Trade-level BF-rebar prices (distributor to dealer) rose by INR 400/t ($4/t) w-o-w to INR 58,600/t…