Author: Sandeep Goyal
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Indian Primary Producers Cut Rebar Offers by INR 1,500/MT in Jun’16
Primary steel producers like SAIL, RINL and JSW Steel have reduced their offers by upto INR 1,500/MT in Jun’16, according to market participants. Indian primary rebar producers have reduced their offers by upto INR 1,500/MT (USD 22/MT) in Jun’16 owing to weak demand and reasonably high inventory levels with stockiest and traders. Current offers for 12-32 mm Fe 500 are assessed at around INR 32,000-33,000/MT (including Excise of 12.5%, VAT extra) ex-Delhi and INR 33,000-33,500/MT (including Excise of 12.5%,…