IF-route rebar prices fall by up to INR 600/t in Raipur

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Induction furnace-route rebar prices in Raipur, Chhattisgarh dropped by INR 600/t d-o-d on low demand amidst decrease in raw materials – sponge iron and steel billets – prices.
GK TMT reduced rebar (Fe-500D, 10-25 mm) prices by INR 700/t to INR 54,000/t exw.
Prices in other locations also corrected amid weak buying interest from retailers.

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