India: Raipur based mill increases rebar offer by INR 300/t ($4)

Real Ispat & Power Ltd (GK TMT) has further raised rebar (10-25 mm) offer by INR 300/t to INR 35,300/t exw. Prior to this, the company hiked its rebar price on 16 Sep’20 by INR 400/t. Prices increased following rebound in billet prices supported by active demand, sources reported to SteelMint.