Author: Suyash Jain

India: Tier-1 mills reduce rebar list prices by up to INR 1,500/t ($18/t) m-o-m for early-Dec’24

Dec 6, 2024

—

by

Suyash Jain

in Rebar

Inventories rise by 10-15% m-o-m IF tags drop amid weak demand Indian tier 1 mills reduced list prices of rebars by up to INR 1,500/tonne (t) ($18/t) m-o-m for early-December 2024 deliveries, sources informed BigMint. Post-revision, list prices hovered at around INR 53,000-54,000/t ($626-638/t) on landed basis. Trade-level blast furnace (BF) rebar prices edged down…