Author: Kameshwar Rao
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IF-route rebar prices rise by INR 400/t d-o-d in Raipur
Induction furnace-route rebar (10-25mm) prices increased by INR 400/t d-o-d to INR 51,800/t in Raipur, as per SteelMint assessment. Around 3,300 t of transactions were recorded today which were higher by 27% compared to yesterday. Rise in sponge iron/billets prices and improved buying inquiries from neighbouring markets amidst supportive northern market pushed rebar prices up.