Induction grade rebar prices remained stable for the second consecutive day in most of the major supplying regions in India, SteelMint assessment shows. However, in only a few markets, prices dropped by up to INR 300/t d-o-d owing to limited demand. Sellers kept offers stable to clear previous order dispatches amid limited transactions at the current prices. Declining semi-finished steel prices and thin trades in rebar indicate further price corrections in the near term, sources expected.
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