Author: Akshay Bedekar
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India: Rebar trade slows down on weak buying interest
The domestic rebar market observed weak buying enquiries today. However, in most locations suppliers either kept prices stable or hiked prices by up to INR 500/t d-o-d due to healthy demand over the last few days. In central India, however, prices inched down INR 600/t. Downturn in steel billet prices impacted spot trading activity and…