India: IF rebar demand remains weak across markets

IF rebar demand remained weak across markets and trading activity stayed at an average level, while prices fluctuated across regions. The marginal rise in semi-finished steel prices supported rebar producers to either keep prices stable or increase prices by INR 100-300/t in a few markets. However, lack of buying enquiries in other markets pressured sellers to reduce offers by up to INR 500/t, d-o-d.