India: IF grade rebar market remains weak on dull demand

Secondary rebar prices declined by up to INR 500/t specifically in the Northern region owing to weak trades and buying inquiries. Meanwhile, in the other major markets, manufacturers either kept their offer stable or slightly adjusted as per the buying inquiries and movement of semi-finished steel prices. Rebar prices on a d-o-d basis may remain volatile, varying from region to region, sources expect.