Indian steel major – JSW Steel has increased rebar prices by INR 500/t ($7) with effect from today. Revised offers of rebar (12-32mm) stand at INR 38,500-39,000/t ($514-521) ex- Mumbai, SteelMint learnt from trade channels. Hike in raw material prices and demand recovery have resulted in price hike. Other mills are likely to increase offers by similar amount, sources reported.
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