Author: Kameshwar Rao

The induction furnace-route rebars prices in central India’s Raipur dropped by INR 1,000/t d-o-d. Around 1,400t rebars deals concluded in the price range of INR 46,800-47,300/t (10-25mm) in today’s trade session. Prices fell sharply on no bulk bookings since last few days that created sales pressure due to accumulation of inventories at mills. Decreasing steel…