Secondary rebar prices weaken in major Indian markets

Induction grade rebar prices fell by INR 100-500/t d-o-d due to lack of trades in the spot market and limited buying inquiries in rebar steel, along with price correction in semi-finished steel (billet) by INR 100-500/t. Meanwhile, in few other markets of Western India, IF grade rebar prices remained stable, sources reported to SteelMint.