Author: Kameshwar Rao
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Weak buying persists in Raipur rebar market, prices stable
Induction furnace route-rebar prices were unchanged at INR 52,800/t today in Raipur. Sellers witnessed slow trade enquiries throughout the day while limited volumes were traded. Producers kept offers firm today amidst adequate future bookings. Near-term prices may see a correction tracking a downtick in steel billets prices in the key markets, SteelMint understands.