India: IF-route rebar trades cools off on higher prices

IF-route rebar markets saw weak transactions today as traders had previously booked a hefty volume and thus are not showing interest in procuring at high prices. However, manufacturers in most markets kept offers stable or slightly adjusted in few markets by up to INR 500/t. The rebar market trend is unclear amidst the volatile semi-finished steel prices which led a slow down in trading activity in the spot market, SteelMint learned.


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