Rebar prices edge lower by INR 500/t in Raipur amid weak demand

  • Induction route rebar prices corrected by INR 500/t to INR 53,900/t exw (Fe-500, 10-25 mm) in Raipur market. Weak buying in the spot market amidst price correction in raw materials like sponge iron and billets led to a fall in rebar prices.
  • Central India-based Goel TMT has decreased rebar (Fe-500D, 10-25 mm) prices by INR 1,000/t to INR 56,300/t exw, while GK TMT has cut prices by INR 500/t to INR 56,300/t (GST and other charges extra).

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