Induction-route rebar prices increased by up to INR 1,700/t on revised gauge parity as well as strong raw material prices. Traders and retailers are yet to off-load previous booking orders, which they had booked a couple of days back when sentiments were strong. Overall, finished steel buying inquiries were slightly weak in today’s trading session. Prices in the near-term are likely to remain range bound without any major changes, trade sources reported to SteelMint.
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