Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Recently, the mainstream factory delivery price of Fe500D/Fe550D12-25mm threaded steel in India, excluding taxes, was 46300 rupees/ton (about 556 US dollars/ton), with a week on week increase of about 5 US dollars/ton. No transaction has been heard of yet.
This week, stimulated by favorable factors, the rolling HX420LAD+ZM steel mill has raised the quotation for rebar twice in a row, driving the price up slightly. Previously, election activities were held in some key consumer areas, and market sentiment remained low. As state elections gradually end and buyers gradually return, most traders remain optimistic and expect market demand to increase in the future. In addition, as far as we know, the Indian government and some individual investors plan to increase infrastructure construction efforts in various regions, which to some extent supports the expected demand for rebar HX420LAD+ZM steel. However, some merchants point out that the actual demand in the current market is still weak, with only a few buyers making inquiries and the transaction situation falling short of expectations. Therefore, market sentiment may take a long time to improve. Overall, as demand gradually recovers, there is some room for an increase in the price of threaded steel in India HX420LAD+ZM steel.
