Central India-based rebar producers slash offers by INR 500/t

A few manufacturers in Chhattisgarh’s Raipur have reduced rebar offers by INR 500/t on measured future bookings. Current rebar (10-25 mm) offers stand at INR 51,800/t exw, excluding GST at 18%. The current conversion spread for rebar producers is assessed at around INR 3,000-3,200/t despite the gauge difference revision carried out nearly 10 days back, SteelMint notes.