India: IF grade rebar prices rise by up to INR 600/t

Secondary rebar prices surged by INR 100-600/t on day in most major markets in India on 19 Jun’21, SteelMint assessment shows. However, in a few markets sellers preferred to keep offers stable and adjusted trade prices, as per market requirements. Rise in semi-finished steel prices led to a hike in rebar prices, although trade activities and buying enquiries remained limited.