07
Aug
12:25
Monsoon hits Indian rebar, Japanese yen threat emerges
Indian rebar prices in the secondary market continue to decline amid cautious buying by steel mills, notes Kallanish.
The price for induction-based 12-25mm Fe500D grade rebar has dropped by INR 800-1,000/t ($10-12) over the past week. It is now ranging around INR 42,000-42,500/t ($500-507) ex-works Raipur.
Buyers are making need-based purchases, with heavy rainfall restricting construction activities across the country. Sellers are offering significant discount…
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Anonymous
Very good overview of the weekly steel market.
Anonymous