TMT (12MM) in Durgapur
was quoted at Rs 43,200/MT i.e. up by Rs 400/MT. “Demand from UP was seen
as Rolling mills & Induction furnaces in UP are shut due to power cuts.
Local demand was still missing”, said market players.
TMT in Mumbai
however, corrected by Rs 200/MT and traded at Rs 37,600/MT on slowing down of
off-take.
Offers for TMT in Raipur
remained unchanged with only few brands seen making offers. “Wait and watch is
what defines the Re-bar market at present”, say market players.
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