Central India: Rolling mills lower rebar offers by INR 1,300/t ($18)

Central India based mid-sized rebar manufacturers have sharply reduced their offers by INR 1,300/t. The current rebar offering for 10-25 mm size stands at INR 43,200/t, SteelMint learnt from trade channels. The offers were reduced due to limited sales and poor buying inquiries amidst restrained production level.