- Induction furnace-route rebar prices dropped by INR 600/t, d-o-d, in central India’s Raipur market due to limited buying enquiries. Around 1,600 t deals were recorded today.
- Market sources informed that buyers were mostly on the sidelines on anticipation of further price fall following the correction in the northern market.
- Meanwhile, a few deals were also not settled due to the disparity in bids and offers by around INR 300-500/t.
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