A few mid-sized rolling mills in Raipur, Chhattisgarh have decreased rebar (10-25mm) offers by up to INR 700/t, d-o-d, to INR 48,800/t. Prices drifted down due to lack of material lifting and poor future bookings, despite the fact that current conversion spreads at around INR 2,200-2,400/t are not satisfactory for producers amid measured utilisation of production capacity, SteelMint understands.
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