Re-bar manufacturers of India have kept offers unchanged from last 3-4 days because of weak sale in finished long steel products and stable semi finish products prices.
Shree Vaishnav Industries Pvt Ltd based at Mumbai with a Re-bar production capacity of approx 18,000MT/M has kept its Re-bar prices unchanged.
Correspondingly, in Raipur city, a part of Central India, Re-bar offers for ACTMT, ACTURBO and KHYATI remain same. Generally Re-bar is supplied in Maharashtra, Tamil Nadu and Kerala region, but owing to slow off take from these regions and lowered sentiments in Steel market, Raipur Re-bar manufacturers have kept Re-bar offers unmoved.
In Indore city Anant TMT prices are untouched from last 3-4 days.
Meanwhile, Rourkela Scan and Reliable Re-bar offers remain same from last one week.
“We are not receiving demand for finished long products from past few days and it seems that demand will not be encouraging in future terms”, said Reliable TMT manufacturer based at Rourkela. Sales of Ingot in CST have also moved down owing to less inquiry from other states, he further added.
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