- IF-route rebar (10-25mm) prices fell significantly by INR 1,800/t d-o-d to INR 44,700/t exw in Raipur on 24 Nov’22.
- 1,400 t of confirmed deals were recorded in the price range of INR 44,400-44,800/t.
- Increasing selling pressure on mills due to pile-up inventory along with a constant fall prices of raw materials (sponge iron and billets) weighed on rebar prices.
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