Author: Kameshwar Rao

Induction furnace-route rebar prices dropped by INR 400/t to INR 50,500/t exw in Raipur. Declining raw material prices (sponge iron and steel billets) and lack of buying enquiries weighed on rebar offers. A few reliable sources informed that due to selling pressure, manufacturers reduced prices but sales did not improve. The conversion spread from steel…