- Induction furnace-route rebar prices corrected marginally by INR 200/t to INR 51,500/t (10-25mm) exw in Central India’s Raipur due to slow buying inquiries. Around 1,200 t transactions were recorded by SteelMint today.
- Most buyers have adopted a wait-and-watch approach amid falling prices in northern India despite high trade discounts offered by sellers.
- Prices are expected to correct further in the near term considering dull trade activities.
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