Rebar prices remain largely stable despite weak demand in central India

  • IF-route rebar prices remained stable despite slow buying enquiries. Buyers were not interested to book material at prevailing offers even with higher trade discounts.
  • Around 1,100 t of transactions were recorded by SteelMint at around INR 52100-52300/t exw Raipur as against 1,800t yesterday.
  • A few trade participants informed that sales pressure rose slightly on marginally higher inventories at mills.

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