Induction grade rebar prices declined today by INR 100-800/t in most of the major supplying regions in India. Dull demand for rebar from the last couple of days and continuously falling billet prices pushed manufacturers to reduce their offers. However, in a few markets of Western region, sellers kept their offers unchanged and offered trade discounts depending on the spot buying inquiries. Prices in the near future are expected to fall further, according to sources.
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