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India: IF-grade rebar prices continue to rise despite limited demand

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13 May 2021, 18:50 IST
Steel Mint Intel

Induction grade rebar prices increased even further by up to INR 500/t on a d-o-d basis in most of the major markets. Higher raw material prices and lower production at mills prompted rebar sellers to keep their prices high. However, trade activities and buying inquiries for rebar steel remained weak in all the regions. Following this, the manufacturers in a few markets of Western and Northern regions kept their offers unchanged as per the market conditions and prices in other competitive markets. Rebar prices in the near term are expected to remain supported by raw material cost, sources told SteelMint.

13 May 2021, 18:50 IST
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