Author: Suyash Jain

India: BF rebar trade prices drop INR 500/t ($6/t) w-o-w on sluggish demand

Jun 21, 2024

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by

Suyash Jain

in Rebar

Trade-level blast furnace (BF) rebar prices declined on the week across markets owing to sluggish domestic demand. Current rebar prices (12-32mm, Fe500D and Fe550D) in the trade segment have dropped INR 500/t ($6/t) w-o-w to INR 57,300/t ($686/t) exy-Mumbai. Prices are exclusive of GST at 18%. In the projects segment, prices are hovering around INR…