Author: Akshay Bedekar

Western India-based Kalika Steel reduces re-bar offers by INR 500/t ($7)

Sep 8, 2021

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by

Akshay Bedekar

in Rebar

Kalika Steel Alloys Pvt. Ltd. (Kalika TMT) – a major re-bar mill in Maharashtra’s Jalna – has reduced re-bar offers by INR 500/t. The current induction furnace route Fe 500 re-bar offer for 10-25 mm material stands at INR 47,000/t exw, sources shared with SteelMint. Prices have decreased owing to weakening demand and higher inventories…