Author: Kameshwar Rao
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India: Weak demand weigh on Raipur rebar prices
IF-route rebar (10-25mm) prices decreased by INR 300/t to INR 51,500/t exw in Raipur, Chhattisgarh due to slow buying inquiries and limited spot transactions. Around 600 t rebar deals were recorded in today’s session. Buying interest was muted amid an expected price correction in rebars following the trend in northern market.