India: Rebar prices rise by INR 500/t in Raipur on improved demand

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IF-route rebar prices edged up by INR 500/t d-o- in central India’s Raipur market on the back of improved buying interest from retailers.
About 4,000 t of transactions were recorded today.
The price hike in raw materials (sponge iron and billets) pushed up rebar prices.
The margin from steel billet to rebar (12-25mm) currently stands at INR 3,000-3,500/t exw, SteelMint notes.

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