Central India: Raipur based mill cuts rebar price on dull demand

Raipur (Chhattisgarh) based major mid-scale mill – Real Ispat & Power Ltd (GK TMT), today reduced rebar (10-25 mm) offer by INR 400/t to INR 34,600/t, exw. The prices declined on account of falling sponge iron & billet prices along with weakening demand, trade participants reported to SteelMint.