Central India-based rebars makers raise gauge parity by INR 500/t ($6)

Rebars manufacturers in Raipur & Raigarh revised gauge parity. Gauge differences increased by INR 500/t effective from today (29 Dec), for all sizes i.e. (10-25 mm stands at INR 5,000/t & 8 mm,32 mm at INR 6,500/t) to improve conversion spread. Re-rollers increased gauge parity for 10-25mm size after almost 10 months’ gap, and currently spread hovered around INR 3,700-4,000/t before revising the new parity from billets to rebars, Raipur.