Indian Re-bar prices correct at few markets on thin trade volumes

Re-bar prices fell at few mandis' and trading activities remained dull owing to the 'Bharat Bandh'.

12 mm in Raipur traded at Rs 37,100/MT i.e. down by Rs 300/MT
as off-take of the commodity remained low.

Similarly prices in Hyderabad also went down by Rs 500/MT
due to weak demand and 12 mm traded at Rs 37,000/MT.

According to market players, “Demand at the month-end is
mostly need-based and everyone is waiting to get some direction. Traders hope
to see a upside in the month of June. But only time can determine the actual
course of the market.”