Re-bar price remain unchanged; traders bullish for June

Re-bar prices at
most of the major mandis' remained unchanged on the month end. However, market
participants expect to see improvement in demand in the next month i.e. June.

According to traders
in Mumbai, “raw material crunch is being felt in Mumbai and demand
appears to be average. Booking of 200-300 MT per day is being seen at present.”

In Indore, traders
say they expect to see better demand from 1^st week of
June.

Traders in Ahmedabad
also had the same view and said “Market is expected to be on a higher side in
the month of June.”