The secondary rebar market in India remained dull in terms of demand and trade activities in the major Indian markets. Manufacturers continued to lower their rebar offer as per the movement of semi-finished steel prices and requirements in the market. However in a few markets of Western region, despite limited buying inquiries, suppliers have kept their offers stable to settle their previous orders, mainly of the project segment. Near-term rebar prices in the Western region are expected to remain weak due to lower prices in other competitive markets, sources reported to SteelMint.
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