Author: Suyash Jain
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India: Primary mills keep rebar project prices unchanged, likely to rise in near term
Indian primary steel mills have rolled over their monthly rebar contract prices for the project segment for December sales, SteelMint learnt from sources. Effective prices are at INR 55,000-56,000/t ($668-681/t) FOR Mumbai. Why prices may remain supported? 1. IF-route rebar trade prices rise w-o-w: IF rebar trade prices have witnessed an increase of nearly INR…