Author: Abhishek Bhalla

A few large mills have slashed their finished long steel offers by up to INR 1,500/t ($20) for Jul ’21 sales, sources informed SteelMint. The current offer for rebar (12 mm) stands at around INR 51,000/t ex-Mumbai, excluding GST. The key factor to be considered behind price adjustments is high inventories amid seasonal slowdown in…