Mandi Gobindgarh and Mumbai: Market participants told SteelMint about dull Re-bar markets. There has been handful of inquiries today and trading volumes have come down.
“Market seems unpredictable to us in the near term because we are witnessing markets against our expectations. As some days left for monsoon to arrive, we were anticipating things to work out. Stock is not being sold out as per our expectations. Summer heat has also accounted for the above market scenario”, they added.
Kerela: Offers in TMT is anticipated to stabilize for the next two to three days. Demand for the material is weak and price might be on the lower side after two to three days as monsoon arrived in Kerela yesterday.
Leave a Reply