India: Rebar prices edge lower by INR 300/t in Raipur amid absence of buyers

  • Induction furnace-route rebar (Fe-500, 10-25 mm) prices corrected downwards by INR 300/t to INR 50,500/t exw-Raipur. Suppliers cut offers amid absence of buyers in the market. Buyers are yet to fully return to the market post-festive holidays.
  • Trade activities also remained slow, weakenening sentiments in the market.

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