Author: Kameshwar Rao
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India: Rebar prices soften in Raipur, weak demand persists
Induction-route rebar prices corrected by INR 300/t to INR 52,300/t exw in Raipur market. Despite correction in prices, no active booking was seen in the spot market today. Prices in other markets also corrected marginally on limited bookings. Despite weak demand, prices remained supported on the back of an uptick in raw material prices viz.…