Author: Kameshwar Rao
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India: Major IF-mills raise rebar prices by up to INR 1,000/t in Raipur
Raipur-based Goel TMT has increased re-bar (Fe-500D, 10-25 mm) prices by INR 1,000/t to INR 56,300/t exw, while GK TMT has raised prices by INR 500/t to INR 55,800/t (GST and other charges extra). The hike in raw material prices (sponge iron and billets) prompted re-rollers to raise their offer amid moderate demand. SteelMint’s daily…