India: Rebar prices slowdown in Raipur on moderate buying inquiries

  • Induction-route rebar prices were corrected by INR 600/t to 48,600/t exw in Raipur.
  • Around 1,400t rebars deals were concluded in the price range of INR 48,300-48,700/t (10-25mm) in today’s trading session.
  • Market sources informed that due to high fluctuation in steel prices, buyers resisted to bid on higher offers, and opted for wait-and-watch mode to get clear market sentiments.

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