Author: Abhishek Bhalla
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India: Secondary rebar prices hit all-time high in Raipur
Mid-scale rolling mills in Raipur, Chhattisgarh have significantly hiked rebar offers by INR 1,500/t d-o-d after yesterday’s meeting. The current offer for 10-25mm rebar stands at INR 43,000/t which is an all-time high, as per data maintained by SteelMint since Sep ’10. Healthy transactions and significant hike in raw material prices is creating pressure on…