The induction grade rebar market observed mixed response in terms of demand and trade activities today. In most of the major markets rebar sellers either kept offers stable or slightly adjusted the prices by INR 100-200/t as per requirement and buying enquiries in the market, SteelMint assessment shows. However, recovery in trades supported the prices in a few specific markets of western region and rebar manufacturers raised their offers by up to INR 200/t. Prices on a daily basis are expected to see a minor fluctuations across regions.
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