Tag: India: Primary mills reduce rebar prices to project segment by 10% m-o-m

Primary mills cut rebar offers to project segment by INR 6,000-7,000/t, m-o-m Correction influenced by export duty, subdued domestic demand, low global prices Further corrections may happen in coming months, although sharp fall unlikely Morning Brief: The rebar prices for the project segment have corrected by INR 6,000-7,000/t ($77-89/t) m-o-m by the tier-1 mills (largely…