Author: Abhishek Bhalla

Jalna-based rolling mills have sharply reduced rebar offers by INR 2,000/t ($27) d-o-d basis after hitting record-high since Sep’10 as per the data maintained with SteelMint. Current trade reference price is hovering at INR 50,500-50,700/t for 10-25 mm size. The manufacturers decreased prices owing to lack of buying inquiries since the last few days as…