Author: Abhishek Bhalla

Mid-scale rolling mills in Raipur, Chhattisgarh have significantly hiked rebar offers by around INR 2,000/t d-o-d after yesterday’s meeting. The current offer for 10-25mm rebar stands at INR 41,500/t. Rebar prices have increased owing to the price rise in other competitive markets and healthy transactions amid reasonable costing. Maintaining conversion spread (margins) was also one…