The Indian secondary rebar market observed moderate trading and buying enquiries today as 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 prices by INR 100-300/t depending on requirements and booking volumes. Minor fluctuations in semi-finished steel prices and improvement in rebar trade, although varying from region to region, prompted sellers to keep prices rangebound, as per sources.
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