- Rebar (size 10-25 mm) prices corrected downwards by INR 200/t to INR 49,400/t exw-Raipur. The similar offers were last seen in Jun’22.
- However, despite a drop in offers, bookings remained limited. Merely 550 t of deals were concluded at INR 49,200-49,500/t exw.
- Market participants informed that buyers were on a watch-and-watch mode on expectations of a further price drop in the short-term.
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