Author: Suyash Jain
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India: Primary mills hike rebar prices further by INR 500-1,000/t ($5-11/t); trade prices rise w-o-w
Material shortage in trade channel supports prices Raw material prices provide support to finished steel Indian primary steelmakers increased rebar prices by INR 500-1,000/tonne (t) ($5-11/t) this week, sources informed BigMint. Post-revision, list prices stood at INR 59,500-60,500/t ($636-646/t) on landed basis. Trade-level BF-rebar prices (distributor to dealer) rose by INR 200/t ($2/t) w-o-w to…