Tag: India Long Steel Composite Index up 2.4% w-o-w

India’s IF rebars witnessed an uptick of INR 500-1,900/t ($6-23/t) w-o-w across markets. IF-rebar, ex-Mumbai in particular, rose by INR 800/t ($10/t) to INR 52,100/t ($625/t). Average spot trades were observed amid price constant fluctuation which turned buyers cautious before making bulk procurements. However, sellers maintained their higher offer levels because of the rising prices…