Induction grade rebar prices witnessed an upward trend today, increasing by INR 100-400/t d-o-d except in a few specific markets of Western and Southern regions. In major supplying locations of Western regions, prices remained high as compared to the competitive markets, as a result, manufacturers slightly adjusted their offers as per the demand in the market. Near-term price outlook for the Central region remains strong owing higher billet price with improve transactions in rebar steel, sources reported to SteelMint
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