Gujarat based Mono Steel India Ltd (Mono TMT Fe 500) has increased their rebar offer today by INR 500/t. Current offer for 12 mm rebar is at INR 47,900/t FoR Ahmedabad (excluding GST). Notably, in this week till now, the company has raised rebar price by INR 1,500/t. Higher raw material cost along with active buying inquiries in rebar resulted in hike in offers, sources told SteelMint. The company has a rolling capacity of 0.22 mn t pa.
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