Central India: Rebar prices hit record high on higher raw material costs

Raipur, Central India-based few mid-sized rebar manufacturers have sharply raised their offers by up to INR 1,000/t on rising raw material prices followed by export bookings. The current price for rebar (10-25 mm size) is assessed at INR 47,400-47,600/t, SteelMint learned from trade channels.