Tag: India: Primary mills keep rebar project prices unchanged even as subdued demand weighs on offers

Indian primary mills have kept their monthly contract prices for project segment unchanged for November sales, SteelMint learnt from reliable sources. Post-revision, offers stand at INR 56,500/t ($699/t) FOR Mumbai basis. However, a few sources indicated that the market has softened against the last month. Apart from a drop in IF rebar prices, demand crisis…