India: IF rebar prices edge up d-o-d in Raipur on moderate demand

IF-route rebar prices moved up by INR 300/t d-o-d in Raipur on the back of moderate demand from buyers/retailers following a price uptick in northern markets. Around 1,700 t of transactions were recorded in the price range of INR 51,300-51,600/t. Trade participants informed that buyers have adopted a cautious buying approach due to the price volatility.