Gujarat based Mono Steel India Ltd (Mono TMT Fe 500) has decreased their rebar offer further by INR 500/t. Current offer for 12 mm rebar stands at INR 46,150/t FoR Ahmedabad (excluding GST). Dull demand in the market along with continuously falling raw material prices and lower offers in other competitive markets have together resulted in the drop in prices, sources told SteelMint. Mono Steel has a rolling capacity of 0.22 mn t pa.
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