Induction furnace route rebar prices increased in most of the major markets by INR 100-400/t d-o-d except in Raipur in central India. As per trader sources, despite limited trades and buying enquiries, rebar prices remain strong owing to minor fluctuations in semi-finished steel prices and moderate transactions in rebar over the last couple of days. TMT prices in the near term are expected to fluctuate slightly depending upon billet prices.
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