Author: Suyash Jain
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India: BF-rebar trade prices drop by INR 600/t ($7/t) w-o-w in subdued market
IF-rebar prices fall to a 3.5-year low India records 646 km of NH construction in June Trade-level blast furnace (BF) rebar prices fell by INR 600-1,400/t ($7-17/t) w-o-w amid subdued buying across markets. Buyers are currently away from market amid price volatility and weak sentiments. Market participants in distribution channel continued to destock inventories as…