Author: Piyush S Verma
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Western India: Mono Steel reduces rebar offer by INR 500/t ($7)
Gujarat based Mono Steel India Ltd (Mono TMT Fe 500) has decreased their rebar offer today by INR 500/t. Current offer for 12 mm rebar stands at INR 42,850/t FoR Ahmedabad (excluding GST). Dull demand and rising inventories at the mills resulted in continuous drop in offers, sources told SteelMint. Mono Steel has a rolling…