Author: Suyash Jain

India: BF-rebar trade prices drop w-o-w by INR 300/t ($4/t) amid weak demand

Jun 14, 2024

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by

Suyash Jain

in Rebar

Trade-level blast furnace (BF) rebar prices witnessed downtick across major markets owing to weak domestic demand. Current rebar prices (12-32mm, Fe500D and Fe550D) in the trade segment have dropped by INR 300/t ($4/t) on the week to INR 57,800/t ($692/t) exy-Mumbai. Prices are exclusive of GST at 18%. In the projects segment, prices are hovering…