India: Rebar trade remains weak on dull buying enquiries

Rebar steel manufactured via induction route witnessed limited buying enquiries and transactions in the spot trade market across the major supplying regions in India. Prices remained volatile from region to region. Rebar manufacturers either kept their offer stable or slightly adjusted prices as per the mills’ inventories and, booking orders and movement of semi-finished steel prices. On a daily basis, rebar prices may continue to remain volatile, SteelMint learned from credible sources.