Tag: inventory
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India: Rebar inventories with tier 1 mills increase 8% in Jan’24
Need-based procurements ahead of polls pulls down offtake Market fails to absorb price hike from tier-1 mills Rebar inventory with tier-1 mills increased by around 8% or 40,000-50,000 tonnes (t) in January 2024. Currently, the volumes have crossed 600,000 t m-o-m from the levels seen in December, 2023. It may be mentioned that the tier-1…