Raipur IF-rebar prices increase by INR 700/t tracking hike in semis

  • IF-route rebar steel prices increased by INR 700/t d-o-d in central India’s Raipur market following the upsurge in semi-finished prices. However, demand is still moderate. Prices in other markets also rose with a slight improvement in demand and raw material prices.
  • The near-term price may remain firm but will depend more on raw material price movement as the slight shortage in supply continues.

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