- Induction furnace-route rebar prices corrected by INR 300/t to INR 51,200/t exw in Raipur. However, demand recovered at lower offers. About 5,500 t transactions were recorded by SteelMint in today’s trading session.
- A few re-rollers have shut down their plants for maintenance due to shrinking margins. It is anticipated that heavy rainfall in neighbouring state (Madhya Pradesh) may keep Raipur rebar prices under pressure in the short term.
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