- Induction route rebar (10-25mm) prices edged down by INR 200/t to INR 51,900/t exw-Raipur, Chhattisgarh.
- A few standalone re-rollers are running their mills at 50% capacity due to poor demand while a few others have started offerring semi-finished steel in the spot market due to poor off-take of finished material.
- The near-term price outlook appears bleak as buying enquiries are limited and selling pressure is slightly high.
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