India: Rebar offers in central India hit over 10-month low on subdued demand

  • IF-route rebars prices were corrected by INR 200/t to INR 48,100/t exw-Raipur, size 10-25 mm. Similar offers were recorded in the month of Jan’22. However, despite decline in prices no active booking was witnessed.
  • Around 1,700t rebars deals concluded at INR 47,800-48,200/t exw Raipur today.
  • Buyers were less active and there was heavy sales pressure at mills due to high quantum of inventories.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *