Author: Kameshwar Rao
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Rebar offers slip on decline in semis prices, moderate demand
IF-route rebars prices in Raipur fell by INR 300/t to INR 50,000/t (10-25mm) due to moderate demand and decline in sponge iron and billets prices. Around 2,250t rebars trades reported at INR 49,800-50,100/t exw-Raipur. Participants informed that due to liquidity crunch, lifting of material was very poor; as a consequence, pressure to sell may increase…