Tag: IF route rebar

India’s induction furnace (IF) finished long steel market experienced a sudden price surge over the past 15 days. Rebar (Fe 500) prices rose by INR 1,300-3,900/tonne (t) across various regions after reaching bottom levels over the last 2-3 months. Previously, prices had hit a 3.5-year low in July, last seen in February 2021. The most…