Central India: Real Ispat increases rebar offer sharply by INR 1,000/t ($13)

Raipur (Chhattisgarh) based Real Ispat & Power Ltd (GK TMT) has raised its IF grade rebar offer today by INR 1,000/t. The current offer for 12-32 mm size stands at INR 49,000/t exw. The prices have increased mainly due to rising billet cost and lower production at mills, trade sources reported to SteelMint