The induction furnace rebar market witnessed weak buying enquiries and trading activity today amid the festive mood in the country. The market remained closed in Gujarat and Chennai. Manufacturers chose to adjust prices in accordance with billet prices and previous bookings, which varied from region to region. At specific locations like Raigarh and Rourkela rebar prices corrected by up to INR 200/t, as per SteelMint assessment.
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