Author: Kameshwar Rao
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India: Muted buying enquiries cut down rebars prices in Central region
Induction route-rebars prices were corrected by INR 200/t to 47,800/t (10-25mm) exw in Raipur following slow buying enquiries from buyer/reseller. Around 1,100 t of transactions recorded in the price range of INR 47,700-48,000/t in today’s session. Market sources shared that buyers opted wait-and-watch mode due to falling prices in Northern India, despite offering trade discounts…