Tag: Re-bar demand tmt

Re-bar offers are strengthening day by day. At first, prices increased on high TMT demand, now it stands up on raw material shortage (MS Ingot/Billet). MS Ingot offers rose upto INR 2,000/MT, whereas TMT Re-bar offers boosted upto INR 2,600/MT M-o-M. Re-bar manufacturers are pleased with increasing conversion margin as Ingot offers increased upto INR…