Active demand lifts IF-route rebar prices in Raipur

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Induction furnace-route rebar prices climbed by INR 700/t d-o-d in Raipur, Chhattisgarh.
Prices rallied as spot trades picked up with around 7,000 t transactions recorded today following the hike in sponge iron and steel billet prices by INR 1,000-1,050/t, d-o-d, in Raipur.
Prices in other markets also rose by INR 300-1,300/t on active demand and an uptick in sponge, billet prices.

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