- IF-route rebar prices remained stable at INR 51,300/t d-o-d in Raipur on moderate demand. Around 3,150 t confirmed deals were recorded in today’s session.
- Trade participants expect that prices may remain range bound in the short term considering raw material price trend.
- The conversion spread from steel billets (100 mm) to rebar (10-25mm) currently stands at INR 3,800-4,000/t.
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