Western India based rolling mills reduce rebar offer sharply by up to INR 1,000/t ($14)

Jalna and Mumbai (Maharashtra) based prominent rebar mills have decreased their rebar offers by INR 400/t and 1,000/t. Current rebar (10-25 mm) offer stands at INR 49,000/t and INR 46,900/t exw, respectively. Prices dropped owing to declining raw material prices and limited future bookings, sources shared with SteelMint.