Re-bar markets in India witness weak demand. Manufacturers in most of the states kept offers at same levels as last trades.
Construction activities is not taking place in large number due to monsoon because of which demand for finished steel products is low.
In states like Madhya Pradesh and Gujarat, Re-bar prices slipped in the range of 500-750/MT. Traders in locations such as Goa and Gujarat anticipate further correction in offers in the range of Rs 300-500/MT.
Leave a Reply