Tag: IF rebar
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India: Trade-level blast furnace-rebar prices remain range-bound in Feb’24
Trade-level prices of blast furnace (BF) rebars remained range-bound in February 2024 amid weak buying activities and participants in the distribution channel destocked inventories amid liquidity issues and market uncertainty. This week’s rebar prices (12-32mm, Fe500D) in the trade segment remained stable w-o-w at INR 51,600/t ($623/t) exy-Mumbai. Prices are exclusive of GST at 18%.…