India: Rebar prices remain supported in major markets

IF route rebar prices remained supported today, with prices increasing in the range of INR 100-500/t in most markets, while manufacturers based in the western region have sharply increased offers by up to INR 1,000/t d-o-d owing to adequate bookings and shortage of different sizes of rebar. However, purchase enquiries in some regions were moderate and firm billet prices provided support to rebar prices.


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