Author: Suyash Jain
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India: BF-rebar prices drop by INR 400/t ($5/t) amid weak demand
IF-rebar prices range-bound w-o-w Raw material prices drop w-o-w Trade-level blast furnace (BF) rebar prices fell w-o-w due to weak buying interest across markets, marking the tenth consecutive week of declining prices. Currently, rebar prices (12-32mm, Fe500D, and Fe550D) in the trade segment have decreased by INR 400/t ($5/t) to INR 49,900/t ($594/t) exy-Mumbai, excluding…