Gujarat-based Mono Steel (Mono TMT) has decreased its rebar price today by INR 800/t. The current offer for Fe 500 grade 12 mm rebar stands at INR 51,600/t FOR Ahmedabad, (excluding GST). Lack of buying enquiries and spot trades, lower prices in markets such as Jalna, and a correction in semi-finished steel prices have led to a sharp fall in offers.
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