Raipur re-bar market is expected to gain improvement post January second week, taking clues from improved demand from south India after New Year celebrations and “Makar Sankranti†i.e. on 14th of January.
Traders expect that prices may touch Rs 35,000/MT at Raipur, increasing by Rs. 800/MT from current level. However, in the month of December, Raipur TMT prices have already gone up by Rs 1,500/MT and by Rs 500-800/MT in South India.
Last year, in 2nd week of January 2012 Raipur re-bar was traded in the range of Rs 37,000 to 37,500/MT.
Raipur TMT was traded at Rs 34,200/MT, today.
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