Real Ispat & Power Ltd (GK TMT) based in Raipur (Chhattisgarh) has reduced its rebar offer by INR 1,200/t. Current offer for 12-32 mm rebar stands at INR 45,300/t exw. As per market participants, weak demand and buying inquiries along with falling billet and sponge iron prices have resulted in a significant drop in rebar offer by the company.
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