17
Apr
08:59
Indian rebar prices surge on restocking, raw materials
Major Indian rebar producers have raised prices three times this month, totalling a combined INR 1,500-2,000/tonne ($18-24).
Consequently, domestic market rebar prices from primary producers are now assessed in the range of INR 53,500-54,500/t ($639-651/t), according to Kallanish.
This increase correlates with rising raw materials prices, including iron ore, scrap, and sponge iron, which have hiked by INR 500-3,500/t ($6-42/t) since the start of April.
Demand i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous