India: Secondary rebar prices rise by INR 100-300/t on higher raw material cost

Rebar prices of secondary (mid-sized) mills increased further by INR 100-300/t d-o-d in most of the major supplying locations, owing to strengthening in raw material (sponge iron and billet) prices by INR 200-500/t. Demand and buying inquiries remained moderate, SteelMint learned from market participants.