The induction furnace rebar market remained subdued for the third day in a row owing to both weak buying enquiries and limited trade. Prices declined in the range of INR 100-500/t d-o-d in most regions. In a few markets in the western and southern regions, the sellers preferred to keep offers stable, even doling out discounts. Volatile semi-finished steel prices since the last couple of days are impacting spot trading activity in rebar and also pressuring sellers to adjust prices, sources reported.
Leave a Reply