India: Raipur based re-rollers increase rebar offer by up to INR 500/t ($7)

Few mid-scale rolling mills in Raipur, Chhattisgarh have increased rebar offer by up to INR 500/t on a d-o-d basis. Current offer for 10-25mm rebar stands at INR 45,200-45,800/t, varying on brands. Prices have increased owing to strengthening semi-finished (billet) prices that have risen by INR 3,300/t. Rebar prices in Raipur have surged by INR 3,000/t on a weekly basis as per SteelMint assessment.