This was up from a price range of Rs23,700-24,500 ($353-365)
per tonne ex-mill about a week ago. The spike in secondary
rebar prices was a result of strong demand from central and
eastern parts of the country, according to market participants.
"Prices have been falling for more than a month. Buyers were
postponing bookings to take advantage of the falling prices,
but now everyone has rushed to buy, which resulted...