India: Rebar prices rise by INR 500/t in central region tracking raw material prices

  • IF-route rebar prices increased by INR 500/t d-o-d in central India’s Raipur on the back of uptick in iron ore prices followed by sponge and billets prices.
  • Around 2,600 t of transactions were recorded by SteelMint in the price range of INR 51,600 to 51,800/t exw in today’s session.
  • Prices in other locations also remained positive due to supporting steel billets prices amidst average trades.

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