IF-route rebar prices remained stable at INR 52,000/t d-o-d in Raipur despite weak buying inquiries. Only 800 t of trade volumes were recorded, down sharply by 75% compared to yesterday. Sources informed that due to less selling pressure, manufacturers refrained from lowering offers. In addition, retailers were also not in a hurry to book bulk quantity amid rainfall in neighboring state, Madhya Pradesh.
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