Indian rebar prices almost stable on inadequate transactions

IF grade rebar prices remained range bound with minor changes by up to INR 300/t, except in the Goa market where offers soared by INR 600-700/t due to curtailed production and weekend lockdown. Meanwhile, prices saw corrections in major supplying regions like Central and Eastern India due to imbalance in demand and supply, which is adding to loss. Near term prices are likely to remain range bound, trade channels reported to SteelMint.