Indian secondary rebar prices fluctuated by INR 100-400/t d-o-d, according to SteelMint’s price assessment. Jalna & Mumbai based manufactures saw an improvement in buying inquiries as adequate transactions took place. This demand-pick up is likely to support the prices in the near-term, sourced said. Meanwhile, in the central region, falling semi-finished prices and lack of buying inquiries led to corrections up to INR 400/t.
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