Author: Suyash Jain
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Indian tier 1 mills hike rebar prices by up to INR 1,000/t ($12/t); trade market follows suit
India’s leading tier 1 mills have increased list prices of rebar by INR 750-1,000/tonne ($9-12/t) during the week. Current list prices are hovering around INR 50,000-51,000/t ($596-608/t) on landed basis. It may be noted here that mills have reduced prices earlier this month. Following the price hike, trade-level rebar prices witnessed a rise on weekly…