The induction furnace rebar market today observed limited buying enquiries. Despite limited buying interest most of the manufacturers preferred to keep offers stable and adjusted trade prices as per quantity and payment terms. In western India, and a few markets of the southern region, slight improvement in transactions in the last couple of days seems to be supporting sellers in keeping offers stable. Marginal adjustments in trade prices were observed in other markets depending upon raw material prices and demand in the spot market, sources informed.
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