Chhattisgarh, Raipur-based Real Ispat & Power Ltd (GK TMT) has reduced its price for rebar on the consecutive second day by INR 1,000/t, sources informed SteelMint. The current offer for (10-25 mm) rebar stands at INR 49,000/t, exw. Lack of demand, coupled with falling billet prices, remains the major factor behind significant drop in the company’s rebar offers, as per sources.
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