- Induction route-rebar prices moved up slightly by INR 100/t in Raipur, central India today despite no improvement in trade activities on d-o-d basis.
- Strengthening sponge iron and billet offers have encouraged re-rollers to keep rebar prices higher.
- However, there is slight selling pressure on suppliers. It is expected that prices may see a correction in the near term, if demand remains dull, SteelMint notes.
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