30
Jul
05:32
Indian rebar drops amid monsoon, economic challenges
Indian rebar prices in both primary and secondary markets have dropped by INR 4,000-4,500/tonne ($48-54) in July due to heavy rains that have hampered construction activities in most states, notes Kallanish.
The current price for 12-25mm sized, Fe 500, IS 1786 grade rebar in the secondary market – produced via induction furnaces – is at INR 46,000-47,000/t ($550-560), while 12-32mm rebar manufactured by primary mills is priced at INR 51,000-52,000/t (…
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Anonymous
Very good overview of the weekly steel market.
Anonymous