- IF-route rebar prices moved up by INR 100/t d-o-d in Raipur following the hike in raw material (sponge iron and billets) prices. Around 3,950 t confirmed deals were recorded in today’s session.
- The conversion spread from billets (100 mm) to rebar (10-25mm) currently stands at INR 3,600-3,800/t.
- Market participants are expecting that prices may remain range bound in the near term.
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