Real Ispat & Power Ltd (GK TMT) based in Raipur (Chhattisgarh) has reduced its rebar offer by INR 700/t. Current offer for 12-32 mm rebar offer stands at INR 47,000/t exw. As per market participants, drop in prices by other competitive brands in the state owing to weak demand and falling billet prices have resulted in a significant drop in rebar offer by the company.
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