Indian Re-bar prices have
noticed a heavy correction as the prices fell up to Rs 400-500/MT across main mandis' in the country.
Prices fell after heavy
selling pressure was seen at Steel futures on NCDEX which had corrected over 350
points in the first half.
Re-bar manufacturers
in Raipur have cut their offers by another Rs 400-500/MT and 12mm TMT was
quoted at Rs 38,000/MT (Basic prices).
Durgapur Re-bar
trading prices also fell by Rs. 300-400/MT at Rs 44,400 (Including all).
Re-bar in Hyderabad
was offered at Rs 40,500/MT as the prices fell by Rs. 500/MT (Basic price).
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