- IF-route rebar prices dropped marginally by INR 100/t to INR 52,600/t (10-25mm) exw in Raipur today. Trade enquiries were slow throughout the day and limited volumes were traded.
- A few reliable sources informed that mills have piled-up inventories as only 60-70% of their produced material is getting dispatched on daily basis. If the situation continues, this would create selling pressure on mills in the short term.
- Rebar prices in other major locations fell by up to INR 700//t, d-o-d.
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