Mumbai based renowned induction grade rebar manufacturers have reduced their offers by INR 500/t. The current rebar offer for 10-25 mm size stands at INR 43,000/t exw. This is the second price drop in this week and so far INR 1,000/t have been reduced w-o-w. Weak demand and the need to maintain price parity with the competitive markets resulted in price drop, trade participants reported to SteelMint.
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