Real Ispat & Power Ltd (GK TMT) based in Raipur (Chhattisgarh) has raised their rebar offer by INR 300/t, SteelMint learned from sources. Current rebar 10-25 mm price stands at INR 35,100/t exw. Increasing sponge & billet prices along with improved demand have resulted in strengthening rebar prices. As per SteelMint’s assessment, yesterday sponge iron & billet prices increased by INR 400-500/t, d-o-d, in Raipur.
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