Raipur (central India) based major secondary players are likely to start operations from coming week, SteelMint learned in conversation with officials.
About 4-5 premium brands/big rolling mills in Raipur are likely to resume operations in the coming week with daily production of about 500-1,000 MT, as reported by officials.
“We deal directly in projects (govt & semi govt), so we have orders in hand and fresh deliveries are in pipeline, hence we may soon resume production” one of the sales heads from Raipur based integrated steel plant shared.
Initially we are planning to start one or two rolling mills (30-50%) and depending on the future orders, we shall raise production gradually, he added.
These brands in Raipur charge about INR 1,500-2,500/MT premium than the rebars produced by medium scale re-rollers, which have daily production capacity of about 100-500 MT.
In context to non-premium brands (mid scale re-rollers), there are anticipations by sources that they may soon resume operations, however officials are not confirming specific dates of resumption and mentioned existing stocks may get cleared in next 7-10 days.
However these mills have started quoting finished steel offers from the last 2-3 days in order to clear old inventory. Limited trades have been concluded at construction sites or to particular trade associates. Current rebar trade offers are hovering at INR 30,700-30,900/MT for 10-25 mm, ex-work Raipur.
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