India: IF-route rebar prices rise in Raipur tracking hike in billets

  • Induction route-rebar prices increased d-o-d in Raipur, central India despite limited trades. About 1,500 t transactions were recorded today against 1,700 t yesterday. Market participants informed that retailers are not in a hurry to book bulk volumes considering seasonally low demand.
  • Meanwhile, in Maharashtra market, active buying was seen resulting in healthy trade volumes being booked, sources informed.

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