Indian secondary rebar prices continued to rise by INR 200-400/t on a d-o-d basis in almost all major markets except in a few specified markets of the southern and western regions. As per market participants, appropriate demand and buying inquiries may keep rebar prices supportive in the near term. Current trade reference price for 12 mm rebar stands at INR 43,600-43,800 exw Raipur and INR 48,600-48,800 exw Jalna.
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