Tag: 500/t ($32/t) on weak demand

India: BF-route rebar trade prices fall by up to INR 2,500/t ($32/t) on weak demand

May 21, 2022

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by

Kanishka Chhabria

in Rebar

Indian BF-route rebar trade prices fell sharply by INR 2,500/tonne (t) ($32/t) this week on the back of sluggish downstream demand and need-based buying by end-users in anticipation of further price correction. SteelMint’s BF-route rebar trade prices stand at INR 66,000-67,000/t ($848-861/t) exy-Mumbai basis, excluding GST at 18%. Why have prices edged down? Drop in…