Author: Vinay Tiwari
-
Indian rebar market sentiment remains weak ahead of tier-1 mills’ price announcements
BF-route rebar prices decline on elevated inventories Tier-1 mills may announce further price corrections Trade-level BF rebar prices (distributor to dealer) declined by INR 200/t ($2/t) w-o-w to INR 49,800/t ($523/t) exy-Mumbai. Demand remained average across major regions, while northern India continued to witness weak buying interest, according to sources. Higher inventory availability with distributors…