Intel Details

India: Demand for IF re-bar remains weak for third day in a row

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15 Sep 2021, 18:16 IST
Steel Mint Intel

Induction furnace re-bar demand remained subdued for the third day in a row across major markets. Despite weak demand and trade in the spot market, re-bar prices got support from higher raw material prices as well as manufacturers not willing to reduce offers despite lack of trade and rising inventories at mills. Prices on a daily basis are expected to remain volatile.

15 Sep 2021, 18:16 IST
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