Author: Kameshwar Rao
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Weak buying inquiries drag down rebar prices in central India
Induction-route rebars prices inched down by INR 200/t to INR 48,300/t (10-25mm) in Raipur. Only 800t rebars deals were concluded in the price range of INR 48,300-48,500/t against 2,600t yesterday’s trading window. Key factors behind the marginal prices fall are: less buying interest from buyers due to downward market trend in northern markets amidst drop…