India: Rebar prices edge up in central India on improved gauge parity

  • IF-route rebar prices increased by INR 400/t to INR 50,700 (10-25mm) in Raipur following an improvement in gauge parity.
  • Only 700 t of deals were recorded in the range of INR 50,500-50,800/t today.
  • Market participants informed that buying enquiries slowed amid offer-bid disparity between sellers and buyers of around INR 300-400/t due to price fluctuations in the north Indian markets, especially Mandi Gobindgarh.

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