Central India based rebar mill cuts offer by INR 700/t ($9)

Raipur (Chhattisgarh) based major mid-scale mill – Real Ispat & Power Ltd (GK TMT), today reduced its rebar offer by INR 700/t following sharp fall in sponge iron & billet prices along with limited inquiries from the local buyers, SteelMint learned from reliable sources. Current rebar (10-25 mm) offer stands at INR 36,300/t, exw.