Induction furnace re-bar manufacturers in most of the major markets have kept their offer prices stable on 01 Dec’21. Rebar trade and demand were impacted due to fall in semi-finished steel prices in the key markets, which pressurised rebar sellers to adjust their trade prices by INR 100-300/t d-o-d. Fall in raw material prices made traders cautious to procure material, SteelMint learned from sources.
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