The daily Davis Index for rebar in Raipur remained unchanged and settled at Rs31,200/mt ($410.20/mt) ex-works as markets continue to stay shut. Transportation also remained restricted in the country. The daily index for billet settled unchanged at Rs26,500/mt ($348.40/mt) ex-works Raipur.
Even after the lockdown ends, secondary producers, sponge iron makers and re-rolling mills would resume gradually, shared a rebar mill in Raipur.
In Mumbai the daily index for rebar settled flat at Rs33,400/mt ($439.12/mt) with no trades. The daily Davis Index for billet in Mumbai settled at Rs28,700/mt ($377.33/mt) ex-works, also unchanged.
In Mandi Gobindgarh, the daily index for ingot remained unchanged at Rs29,800/mt ($391.79/mt) ex-works.