Tag: IF rebar

India: BF-rebar trade prices decline by INR 1,000/t ($12/t) amid sluggish demand

Jun 28, 2024

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by

Suyash Jain

in Rebar

Trade-level blast furnace (BF) rebar prices declined by INR 800-1,200/t ($10-14/t) during the week across markets owing to sluggish domestic demand. Current rebar prices (12-32mm, Fe500D and Fe550D) in the trade segment have dropped by INR 1,000/t ($12/t) w-o-w to INR 56,300/t ($675/t) exy-Mumbai. Prices are exclusive of GST at 18%. In the projects segment,…