Author: Piyush S Verma
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India: Major re-bar mills slash prices further by up to INR 1,000/t
Jalna (Maharashtra) and Gujarat-based induction furnace route re-bar producers have further slashed re-bar Fe 500 prices by INR 800-1,000/t. The current 12mm re-bar offer by Mono TMT (Gujarat) stands at INR 47,500/t, while Jalna-based KALIKA and POLAAD TMT offers for 10-25mm stand at INR 47,000/t. Declining semi-finished steel prices and gradual rise in inventories at…