Author: Kameshwar Rao

Induction route rebar prices in Raipur fell by INR 400/t to INR 52,300/t exw on less buying enquiries amidst falling raw material prices (sponge iron and billet). Around 1,100 t transactions were recorded today. A few re-rollers informed that they are currently operating mills at 50% capacity. Even after this, inventory is piling up due…