India: Rebar prices remain largely stable despite slow buying in Raipur

IF-route rebars prices remained stable at INR 45,400/t d-o-d in Raipur despite slow buying enquiries. Buyers were less interested to book material at prevailing offers amidst disparity in offers-bids by INR 300-400/t. Around 1,400t deals concluded in the price range of INR 45,300-45,500/t exw (10-25mm) in today’s session. Near-term price outlook may see some variation as per current trade activities, sources informed.