Author: Piyush S Verma
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India: Mumbai based mills increase IF-grade rebar offer by INR 500/t ($7)
Mumbai based renowned induction grade rebar manufacturers have increased their offer by INR 500/t today. Current rebar offer for 10-25 mm size stands at INR 44,000/t exw. Improved demand and transactions in rebar steel in the region along with rising semi-finished steel prices have resulted in increase in rebar offers, trade participants reported to SteelMint.