Author: Kameshwar Rao
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India: Active demand lifts IF-route rebar prices in Raipur
IF-route rebar demand continued to remain strong for the second straight day in Raipur which resulted in sellers raising their offers by INR 200/t to INR 51,600/t. SteelMint recorded around 5,200 confirmed deals today. Meanwhile, rising sponge iron and steel billets prices also supported the rebar price hike. The conversion spread from billet (100mm) to…