Jalna (Maharashtra)-based major induction furnace mills witnessed improved trades and transactions today. About 8,000 t rebar (10-25mm) deals were recorded by few mills at INR 57,000-57,500/t exw, excluding GST. Increasing semi-finished steel prices and improved sentiments in key markets pushed up buying enquiries. Jalna is one of the major rebar producing markets with a daily production capacity of about 15,000 t.
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