Indian secondary rebar market witnessed an improvement in buying inquiries and better trade activities were seen in the central and western region. Following this, manufacturers have increased their offer by INR 100-300/t d-o-d. However, minor selling pressure in the southern and eastern region led to a price correction of INR 100/t. Strengthening demand especially in western region won’t lead to a major price correction in the near term, sources reported to SteelMint.
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