- Induction grade rebar trades and demand remained weak today following which, most of the manufacturers adjusted their prices slightly by INR 200-300/t d-o-d, SteelMint assessment shows.
- Meanwhile, due to supply disruptions amid lockdown in few other markets, rebar prices have dropped by up to INR 800/t.
- Demand in the near term may get affected due to lockdown however prices may vary depending on the raw material cost, sources said.
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