Tag: Indian rebar marekt
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Post Demonetization – Impact on Primary and Secondary Indian Rebar Market-an Update
Rebar manufactures based in all major secondary market has sharply increased offers by INR 1,500-2,000/MT after the day government announced demonetization on 8 Nov’16. However, market did not accept the increased prices owing to sharp fall in demand and it negatively reflected in the pricing. Presently, 12MM Mumbai rebar price are at INR 26,700/MT compare…