Author: Kameshwar Rao

IF-route rebar prices increased by INR 500/t d-o-d in Raipur, Chhattisgarh. Around 3,600 t transactions were recorded in today’s session. The price recovery in rebar was because of the upsurge in raw material (sponge iron and steel billets) prices. Meanwhile, standalone re-rollers are currently working on lower margins of INR 2,500-2,700/t. Notably, key rebar players…