Author: Sandeep Goyal

Leading rebar producers namely SAIL, JSW and RINL have reduced their offers by INR 1,000-2,500/MT in Jul’16, as per market participants. Indian primary rebar producers have reduced their offers by upto INR 2,500/MT in Jul’16 owing to weak domestic demand and excess inventory level with traders/ distributors. Current offers for 12-32 mm are assessed at around INR 30,000-30,500/MT (including Excise of 12.5%, VAT extra) on ex-Delhi basis and INR 30,500-31,500/MT (including…