Author: Kameshwar Rao
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India: Rebar prices edge down by INR 300/t d-o-d on muted buying
Induction furnace-route rebar prices fell by INR 300/t to INR 49,600/t exw in Raipur. Despite correction in prices no active bookings were witnessed today. Only 1,100t of transactions were recorded. A few trader sources informed that due to bearish market trends in the northern region, buyers opted for a wait-and-watch policy. The disparity between offers…