Author: Kameshwar Rao
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IF-route rebar demand improves in Raipur, Chhattisgarh
Induction furnace-route rebar prices corrected by INR 300/t to INR 51,200/t exw in Raipur. However, demand recovered at lower offers. About 5,500 t transactions were recorded by SteelMint in today’s trading session. A few re-rollers have shut down their plants for maintenance due to shrinking margins. It is anticipated that heavy rainfall in neighbouring state…