Indian secondary mills’ (i.e medium and small scale mills) rebar offers fell by INR 100-500/t d-o-d in most of the regions except southern India. Market participants shared that lack of future bookings and inadequate transactions dragged down prices and decent trade discounts were seen in central & western India. Current trade reference price of Rebar (12-25 mm) stands at INR 30,100-30,400/t EXW Raipur.
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