India: Muted demand weighs on Raipur rebar prices

  • IF-route rebar (10-25mm) prices dropped by INR 200/t to INR 51,900/t exw in Raipur. Despite the fall in offers, no major bookings were done in the spot market today.
  • Sources said that buying enquiries were muted due to the Durga Pooja festivities while a few others expect that sales may continue to remain low for the next 1-2 days.

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