Tag: Indian rebar export
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India: Rebar export prices drop $5/t on sluggish market, declining futures
Indian rebar export prices continued to head south since mid-Nov’21. SteelMint’s assessment of BF-route rebar (B500B) currently stands at $700/tonne (t) CFR Hong Kong on an actual weight (AW) basis, a drop of around $5/t, w-o-w and $15/t m-o-m. A major Indian steel mill recently concluded an export deal for 35,000 t of rebar (BF-route,…