Author: Kameshwar Rao

Induction furnace route rebar prices fell by INR 100/t d-o-d in central India’s Raipur due to low trade enquires despite high discounts. Around 1,700 t rebar deals were concluded in the price range of INR 49,800-50,000/t today. Some market participants informed that the near-term price outlook may remain bearish on account of slow trade activities.