Author: Abhishek Bhalla

Vizag Steel has decreased finished long steel price by INR 1,000/t ($14), sources have reported to SteelMint. The current offer for rebar (12 mm) stands at around INR 54,400/t and wire rod SAE 1008 (5.5 mm) at INR 52,300/t ex-Chennai, excluding GST. Bearish market sentiments in the secondary long steel segment and dull demand have…