Indian Major Secondary Re-bar producers keep offers Unchanged

Indian Major Secondary Re-bar manufacturers have kept offers unchanged from last one week on stable demand.

Central India: Goel TMT a major Re-bar brand of Raipur is offering without any change from yesterday trade eyeing to stable steel market. Other similar brands like GK TMT and Kamdhenu TMT stands at INR 32,400/MT and 32,600/MT respectively for the same size. (All prices are Basic)

Generally Re-bars from Raipur are supplied in Maharashtra, Tamil Nadu and Kerala region. But queries from  here are slow and local demand is normal, as a result Re-bar manufacturers have kept Re-bar offers unmoved.

Maharashtra: Guardian steels based at Mumbai with a Re-bar production capacity of approx 15,000MT/M is also keeping its Re-bar prices unchanged at INR 35,200/MT from last 3-4 days due to stable demand. 40 Angle Structure and Ingot prices are at INR 35,000/MT and INR 31,400/MT respectively. (All prices are Basic)

Karnataka: In Karnataka Re-bar offer are unchanged where Ingot prices came down by INR 500/MT on account of fewer buying from finish Long manufacturers.
Sunvik TMT which is a well known brand of Karnataka offering at INR 45,200/MT. (with all taxes ex plant price)

A native Re-bar trader based at Bangalore said that –“Re-bar Manufacturers have sufficient stock of Re-bar and they prefer to clear stocks first rather than stock more. That is why Buying for Ingot went down and Re-bar market is untouched in city.”