India: Rebar prices edge higher by INR 600/t d-o-d

Induction furnace rebar prices continued the uptrend today, increasing by INR 100-600/t in most markets. Continuously rising raw material prices in the major markets supported rebar producers to keep prices high. Trades varied from region to region and the lack of bulk trading in most markets was due to the fact that buyers remained cautious about procuring on higher prices, SteelMint learnt from sources.