India: Mills reduce rebar offers by INR 1,200/t in Raipur

Raipur, Chhattisgarh-based IF rebar manufacturers decreased their offers today by INR 1,200/t. The current offer for rebar (Fe 500, 10-25mm) was assessed at INR 46,500/t exw. Persistent fall in raw material prices in the last couple of days and dull buying enquiries for rebar steel in central India forced manufacturers to reduce prices, SteelMint learnt from sources.