- Induction furnace-route rebar prices corrected by INR 700/t to INR 54,400/t exw in Raipur market due to weak buying interest as semis prices fell in northern markets.
- Trade participants informed that a few mills have already cut down production while a few have undertaken maintenance shutdowns amid sluggish trend. Suppliers have also raised trade discounts to improve sales.
- Rebar prices may continue the downward trend due to dull trade activities.
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