Tag: Rebar prices in India
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India: Infra, realty laid low by rising steel prices
Infra construction cos lowering steel procurement by 30-40% Infra projects facing cost overrun but cannot be stalled Some cos doing need-based procurement, others deferring purchases Realty players threaten to stall construction High export offers keep domestic prices high Downstream sector does not see prices dropping even if Russia-Ukraine war ends Morning Brief: Escalating steel prices…