Re-bar market witnessed price hike at few mandis'. However,
there was no noticeable buying seen so far.
Prices moved up by Rs 100-500/MT at few mandis', whereas it
corrected by Rs 100-200/MT at mandis' like Mumbai & Kutch.
12 mm in Hyderabad traded at Rs 37,500/MT i.e. up by Rs 500/MT.
According to a manufacturer based in Hyderabad, “Demand remains steady. There is no
noticeable buying by either buyers within the state or bulk buyers from Maharashtra.”

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