Author: Kameshwar Rao

IF-route rebar prices moved up by INR 100/t d-o-d in Raipur following the hike in raw material (sponge iron and billets) prices. Around 3,950 t confirmed deals were recorded in today’s session. The conversion spread from billets (100 mm) to rebar (10-25mm) currently stands at INR 3,600-3,800/t. Market participants are expecting that prices may remain…