Induction furnace-route rebar offers increased in Raipur following healthy deals yesterday. However, trades weakened at increased offers. SteelMint recorded only 600 t confirmed deals as against 5,900 t yesterday. Market participants informed that buyers remained less active on account of Ganesh Chaturthi and amidst price revision in northern market. Meanwhile, resellers adopted a wait-and watch mode for clear market fundamentals.
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