Author: Suyash Jain
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India: BF-rebar trade prices exhibit mixed trends w-o-w amid low demand
Indian blast furnace (BF) rebar trade prices witnessed mixed trends across markets during the week. Demand in the distribution channel network remained low which weighed on the market sentiments. A leading PSU steelmaker raised rebar prices by INR 1,500/t ($18/t) earlier this week due to constrained supply, as the company is currently running only one…