Market participants in the central and southern regions informed SteelMint that a few rebar transactions, around 2,000 t in all, have been concluded from Raipur to Chennai on reasonable costing, with freight charges at INR 3,000-3,100/t. The current rebar trade reference price is at INR 43,600/t, exw-Raipur and INR 48,300/t, exw-Chennai. So, the landed cost is reasonable enough at around INR 1,800-2,000/t, excluding freight charges which may witness a slight correction in the Chennai market, as per trader sources.
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