Secondary rebar prices remain range-bound in major Indian markets

The induction grade rebar market observed mixed response in terms of demand and trade activities today. In most of the major markets of Eastern and Central regions, prices moved up by INR 100-200/t d-o-d, whereas in Mumbai market in Western region, rebar manufacturers raised their offer by INR 500/t owing to slight recovery in buying inquiries. However, in the rest of the major other markets, sellers adjusted their offers as per requirement in the market, sources reported to SteelMint.