Raipur (Chhattisgarh) based Real Ispat & Power Ltd (GK TMT) has raised its rebar offer by INR 500/t, d-o-d. Current offer for 10-25 mm size stands at INR 45,500/t, exw. Rising billet prices as well as active demand for rebars are the key factors behind hike in prices by the company, SteelMint learned from sources. Domestic billet offers are expected to remain supported due to active demand as well as further hike in prices by primary mills.
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