- The induction furnace-origin rebars prices saw a sharp correction by INR 1,200/t in Raipur. Around 800t rebars deals concluded in today’s session.
- The key reasons behind this price fall may be lack of buying inquiries and trade in the spot market amidst correction in raw material (sponge and billets) prices.
- Prices in other markets also decreased due to weak demand of material.
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