India: IF route rebar prices continue to remain rangebound

India’s secondary rebar market observed moderate trade and buying enquiries today and in most of the major markets prices remained rangebound for the second day in a row, SteelMint assessment shows. In most locations, manufacturers preferred to either keep offers stable or adjust tradable prices by INR 100-300/t depending on the market requirement. Increased semi-finished steel prices and slight improvement in rebar trade, although varying from region to region, have pushed TMT sellers to keep prices remain strong, sources reported.