- Induction furnace-route rebar prices fell by INR 400/t to INR 50,900/t exw in Raipur. Despite price correction no active bookings were seen in the spot market today and only 700 t of confirmed deals were recorded.
- A few trade participants informed that buyers held up their bids considering the downward trend in northern markets.
- Prices in other markets were either mostly stable or marginally down due to limited bookings.
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