Author: Abhishek Bhalla
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Western India: Mumbai based mills lower rebar offers by INR 1,000/t ($14)
Mumbai based mid-sized rebar manufacturers have sharply reduced their offers by INR 1,000/t. The current rebar offering for 10-25 mm size stands at INR 45,900/t exw. The offers were reduced owing to declining raw material prices and maintaining competitive prices with Jalna market, trade participants reported to SteelMint.