A few mid-sized rebar manufacturers based in Raipur, Central India, have slashed their offers by up to INR 900/t on limited buying enquiries in semi-finished as well as finished steel. Trade volumes hardly matched the usual regular quantum on a daily basis, trade sources told SteelMint. Current rebar (10-25 mm) offers are assessed at INR 46,500-47,000/t, exw and excluding GST, while prices vary across brands.
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