Intel Details

India: Dull demand weighs on secondary rebar prices

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2 Feb 2021, 18:57 IST
Steel Mint Intel

Induction grade rebar prices plunged by up to INR 800/t d-o-d due to dull demand and limited transactions. Rising stocks at mills and the need to maintain price parity with the competitive markets resulted in continuous drop in secondary rebar prices. This downtrend is likely to continue in the near-term, trade sources reported to SteelMint.

2 Feb 2021, 18:57 IST
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