Sources in various states of India told about silent finished markets.
Markets in Chhattisgarh and Andra Pradesh witness a little buying.
In Gujarat though ingot prices increase, weak demand impact TMT sales.Prices might slip on arrival of monsoon.
Offers might fall by Rs 500/MT next week in Karnataka.
Limited inquries seen in West Bengal.
Rebar market is unpredictable in Maharashtra.
Demand is decent in Tamil Nadu. “Prices continue to be in the range of Rs 44,000-45,000/MT (Inclusive of ED) and are stable as we do not have much stock of the material. Due to power problems, production is still in the range of 60-80% of the capacity”, said a marketing manager of a reputed TMT brand in Chennai.
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