Gujarat-based Mono Steel India Ltd. (Mono TMT) has slashed rebar offers by INR 500/t on 26 Aug’21. The current offer for Fe 500 grade rebar (12 mm) stands at INR 53,800/t FOR Ahmedabad, (excluding GST). Lack of buying enquiries and the increasing price differential compared to other markets were factors that prompted manufacturers to reduce offers, sources told SteelMint.
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