Central India: Real Ispat increases rebar offer further by INR 500/t ($7)

Raipur (Chhattisgarh) based Real Ispat & Power Ltd (GK TMT) has further raised its IF grade rebar offer by INR 500/t today. The current offer for 12-32 mm size stands at INR 45,500/t exw. Improved buying inquiries and rising prices of sponge iron and billet in the region resulted in price hike, sources reported to SteelMint.