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Steel prices rose to a four-year high of ₹63,800 a tonne, up ₹1,600 w-on-w ended September 18, driven by trade and distributor restocking amid fears of further rallies. Rebar rose ₹2,300 w-on-w to ₹60,450 a tonne.
RH said second-quarter net revenues rose 2.6% year over year to $922.2 million and exceeded the top end of guidance. The company also lifted its fiscal 2026 outlook for revenue growth and adjusted EBITDA margin.