Tag: Indian TMT
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Indian TMT Prices show Resistance on slow buying
Indian TMT Re-bar offers have corrected by INR 200-800/MT from last week trade. Down sentiment started on Friday with fall in Mandi Gobindgarh’s MS Ingot prices. Most of the TMT market is based on raw material (MS Ingot/Billet). So, fluctuation in raw material offers drives the TMT market, while demand of TMT sustains it. Indian…