Author: Kameshwar Rao
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IF-rebar prices strengthen in Raipur as buying activity improves
Induction route-rebar prices increased by INR 600/t, d-o-d, in central India-based Raipur market today on active buying. Around 3,200 t transactions were recorded today against 2,000 t on 7 July. Due to tight raw material (sponge iron and billet) supplies, rebar prices are firming up in the spot market, SteelMint understands.