SteelMint

Tag: secondary market

  • Indian Secondary Rebar Market Volatile Post MIP

    Indian Secondary Rebar Market Volatile Post MIP

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    by

    Sandeep Goyal
    in

    Rebar prices in Indian secondary market had surged by INR 1,500-2,500/MT post MIP, but subsequently fall by more than 50%. Rebar prices in secondary market were quite volatile after the minimum import price (MIP) was imposed on various steel products by the government on 5 Feb’16. Prices rose sharply by INR 1,500-2,500/MT in a weeks’s…