30
May
10:48
Indian secondary rebar market sees price dip post-peak
India’s secondary market rebar prices have declined by INR 1,200-1,400/t ($14-17/t) across various regions compared to their peak in early May 2024, notes Kallanish.
Presently, rebar prices range between INR 50,500-52,500/t ex-works. April witnessed significant restocking in the Indian domestic rebar market, particularly by stockists.
This buying trend persisted until the first week of May, coinciding with rebar prices reaching a 12-month high. However, sub…
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Anonymous
Very good overview of the weekly steel market.
Anonymous