Author: Kameshwar Rao
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India: Weak demand weighs on rebar prices in central region
Induction-route rebars prices saw constantly dragging down since last few days due to muted buying enquiries in the spot market. Only 800t rebars deals were concluded in the price range of INR 46,400-46,700/t (10-25mm) in today’s trading window. Market sources said that buyers opted wait-and-watch mode due to falling prices in northern India, despite offering…