Indian re-bar buyers are in no hurry to stock 

Re-manufacturers more or less kept there offers stable across India. With falling steel ingot prices in physical and spot market, buyers prefer to wait and watch and order is small quantities.

“Demand has certainly reduced looking at falling steel prices. Buyers want to wait till market takes a direction.We do not see early recovery at least till mid-August.But once demand comes prices will shoot up steeply.” said a manufacturer based in Raipur (Chattisgarh).

Market sources expect primary producers to reduce long product prices by at least Rs 1,000-1,200/t on rising difference between secondary producer's offers.