Tag: India: BF-route rebar trade prices drop INR 800/t ($10/t) w-o-w as slow demand weighs down market

Trade prices of thermo-mechanically treated re-inforcement bars (rebar) manufactured through the blast furnace-basic oxygen furnace (BF-BOF) route have recorded a drop of INR 800/t ($10/t) w-o-w in the key Mumbai market. Prices have declined for the sixth consecutive week amid subdued demand in major domestic locations.  Current rebar prices are at INR 60,800/t ($737/t) exy-Mumbai,…