India: Over 8,000 t rebars deals conclude in central region’s Raipur

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Induction-route rebars prices rose by INR 500/t to INR 48,400/t exw (10-25mm) in Raipur following an active buying in the spot market.
Around 8,100t of confirmed deals recorded by SteelMint in the price range of INR 48,100-48,500/t in today’s session.
Due to an upsurge price movement in sponge iron and steel billets, rebars manufacturers were prompted to raise their offers amidst active bulk bookings.

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