Author: Suyash Jain

Bid-offer disparities, monsoon dampen sentiment Production ramp-ups to increase supply in near term India’s trade-level blast furnace (BF) rebar prices declined w-o-w, driven by weak demand, cautious market sentiment, and a monsoon-led slowdown in trade momentum. Buyers adopted a wait-and-watch approach due to the prevailing disparity between bids and offers, while distributors focused on liquidating…