Low trading volume of re-bar in Ahmadabad resulted Rs 700/MT fall in last two days. Poor demand from retailer and slow industrial activity, mainly affected trading. Today re-bar offers their at Rs 35,200/MT (Basic).
Re-bar prices in Goa dropped by Rs 500/MT and offers at Rs 37,100/MT (Basic) due to poor demand in local market and over availability of material. However, sudden demand from Kerala in afternoon session further stopped price fall.
Central Indian steel market also fall slightly, prices in finish long dropped by Rs 100-300/MT Re-bar offers at Rs 37,300/MT in Indore and 200 Beam is traded at Rs 33,700/MT (All basic prices).
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