17
Jul
12:01
Indian primary rebar prices soften on weak demand
Indian domestic rebar prices in the primary market have corrected by INR 1,000/tonne ($12) on-week amid ongoing slack demand in the infrastructure and construction sectors due to monsoons, notes Kallanish.
The price for Fe 550D grade rebar of size 12-32mm is heard quoted in the range of INR 54,000-55,000/tonne ($645-660) across different cities.
Buyers are negotiating for lower rates amid reduced demand and sufficient supplies, while a few primary producers are r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous