Tag: India: BF-route rebar trade prices drop INR 400/t ($5/t) w-o-w amid slow demand

Trade-level prices of rebars produced through the blast furnace (BF) route dropped w-o-w across markets, as per SteelMint assessment. Current prices of BF-route rebar were assessed at INR 62,800/t ($758/t) as on 17 February, 2023, down marginally by INR 400/t ($5/t) against previous week’s price levels. Prices mentioned are exy-Mumbai, excluding GST at 18%. Factors…