Intel Details

India: IF-grade rebar prices decrease marginally on weak demand

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13 Apr 2021, 19:08 IST
Steel Mint Intel

Induction grade rebar manufacturers in major supplying regions slightly changed their prices due to limited demand amid adequate future booking orders and lower semi-finished steel prices. Today, only limited volumes were booked as per the requirement. According to sources, traders were cautious to book hefty volumes as the market remained uncertain amid rising COVID-19 cases. Rebar prices are expected to stay supported by raw material cost in the near term.

13 Apr 2021, 19:08 IST
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