Central India: Raipur based mills lower rebar offer by up to INR 900/t ($12)

Raipur based specific mid-sized rebar manufacturers have reduced their offer by INR 600-900/t. The current rebar offer for 10-25 mm size stands at INR 37,300-37,600/t, whereas other re-rollers have maintained their offers at INR 38,200/t, SteelMint learnt from trade channels. The offers have been reduced to obtain adequate buying inquiries and to prevent forward selling by trade associates.