IF rebar demand recovers in Raipur, prices stable d-o-d

  • IF-route rebar market in Raipur, Chhattisgarh saw improved trade on steady offers (INR 51,400/t, d-o-d, size 10-25mm). SteelMint recorded around 6,000 t deals today.
  • Prices, especially in western region, moved down slightly due to poor off-take and less future bookings due to heavy rains. Prices in the region are expected to correct further in the near term.

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