- The induction furnace-route rebar prices dropped by INR 800/t in central India’s Raipur on limited transactions and buying enquiries.
- Key market sources informed that a few buying inquiries were heard from northern markets but due to the bid-offer disparity by around INR 400-500/t, deals were not concluded.
- Near-term prices may soften due to ongoing dull activities and rising inventories.
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