Secondary rebar market has witnessed a mixed response in terms of trades and buying inquiries today. In most of the major markets, prices increased marginally by INR 100-300/t, except in Hyderabad where it moved up by INR 500/t. As per trade sources, the prices have increased following uptrend in semi-finished steel prices. Near-term prices are expected to see slight fluctuations depending upon the demand and movement of raw material prices.
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