Author: Suyash Jain
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India: Trade-level BF rebar tags increase w-o-w as mills hike list prices
Supply shortages support BF prices IF rebar tags rise amid active trades Trade-level blast furnace (BF) rebar prices rose w-o-w, following a hike by major primary steel producers. Additionally, limited material availability in the distribution channel also led to higher offers. Major private steel mills increased rebar prices by INR 500-750/tonne (t) ($6-8/t) this week.…