Indian Domestic Rebar Demand Rises Amid US–Iran Conflict

Post Views: 170 Indian Rebar Indian Domestic Rebar Demand Rises Amid US–Iran Conflict Indian domestic rebar demand increased sharply after the escalation of the US–Iran conflict. Buyers moved quickly to restock scrap-based rebar across key markets. The conflict began on 28 February and immediately disrupted market sentiment. Steel buyers anticipated further price increases. As a result, traders accelerated purchases over the weekend. Scrap-based producers saw stronger orders after weeks of slow activity. Energy prices rose rapidly during the conflict. Brent crude futures surged by 13 percent i...