India: IF-route rebar prices fall by INR 400/t d-o-d in Raipur

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Induction furnace-route rebar prices in Central India’s Raipur fell by INR 400/t d-o-d. Manufacturers reduced offers due to persistent low buying interest since the last few days.
Around 2,300 t of deals were concluded in the price range of INR 51,100-51,400/t exw today, for 10-25mm.
Prices in other markets also slid marginally on slow off take of the material.

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