Raipur (Chhattisgarh) based Real Ispat & Power Ltd (GK TMT) has raised its rebar offer by INR 700/t, d-o-d, & around INR 1,700/t in the last 2 days. Current offer for 10-25 mm size stands at INR 44,000/t, exw. The prices rose significantly following the rally in billet prices along with improved demand for finished products. Yesterday, billet prices in Raipur surged by INR 900/t, as per SteelMint’s assessment.
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