Induction grade rebar market has observed limited buying inquiries in most of the major supplying regions in India. In Western and a few markets of the Southern region, adequate previous bookings orders kept offers stable with slight adjustments as per requirement, while in rest of the other regions, lack of demand forced manufacturers to reduce their offer by up to INR 600/t d-o-d. As per trade channels, rebar prices may see marginal correction in the near term.
Leave a Reply