- Induction furnace-route rebar prices edged down by INR 200/t d-o-d to INR 47,600/t exw in Raipur due to limited buying inquiries in the spot market.
- 900 t of confirmed deals were recorded by SteelMint in the price range of INR 47,500-47,800/t.
- Market participants said that currently there is no selling pressure on mills due to adequate future bookings. Furthermore, they expect prices would not fluctuate sharply in the short term.
Leave a Reply