India’s Largest Re-bar Producers keep Prices Unchanged for Dec’13

RINL, India’s first shore based integrated Steel plant located at Visakhapatnam in Andhra Pradesh produces approx 2.5 MnT Bars and Rods every year, has kept its Re-bar prices untouched for Dec’13. On the other hand a negligible increment of INR 200/MT is made in Wire Rod prices. Other primary steel producers like Tata and SAIL have also kept their Re-bar prices unaffected for Dec’13

RINL is offering its Re-bar (8 mm) at below mentioned price:

At Vizag: INR 44,350/MT
At Mumbai: INR 45,050/MT
At Kolkata: INR 45,050/MT
Note: All prices include ED.

Respective dealers are also kept Re-bar offers unchanged as buying interest for finish long went down from last few days.

According to the dealers –“Company roll over the Re-bar prices for Dec’13. They had kept their Re-bar offers unchanged for Nov’13. Despite of this, we had raised our offers for few sizes like 12mm, 10mm in month ending on account of low inventory and hike in secondary Re-bar prices. We don’t have any kind of reasons this time so we are also keeping it same.”