ARS Steel & Alloy Int’l Pvt. Ltd, (ARS 550 D) – one of the major rolling mills in Chennai, southern India has increased rebar offer by INR 1,000/t. Current offer for 10-25 mm rebar stands at INR 49,300/t exw, sources shared with SteelMint. Strengthening raw material prices and moderate transactions in the finished steel market led to a significant hike in offers.
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