Tag: rebar inventories
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India: Tier-1 mills’ rebar inventories drop 25% m-o-m in early-April
The excess supply in rebar inventories from tier-1 mills has reversed over the last couple of months. Volumes held with the mills dropped around 25% in early April, as per information available with BigMint. From levels of 500,000 tonnes (t) seen in early March, 2024, these have fallen off to 350,000-375,000 t in early April.…