Wednesday, Aug 10,
Re-bar prices across India remained stable although there was some movement seen in the Ingot prices.
“There is hardly any buying seen in the market as buyers are cautious at present. They prefer to wait and look for further clarity before making any purchases” said a Re-bar manufacturer based in Raipur.
However, as a correction of Rs 1000/MT was noticed in Hyderabad market over poor demand and to maintain a competitive level .According to Industry experts demand is likely to remain subdued during the monsoon and it might pick up only after that.
Reported by Meghna Verma (meghna@steelmint.com)
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