India’s Vizag Steel has increased rebar price by INR 1,500/t ($20) and wire rod and rounds price by INR 500/t ($7) wef today, trade sources reported to SteelMint. The current 12 mm rebar offer is reported at around INR 43,200-43,400/t, ex-Chennai. The company’s output of long steel products stood at 1.66 mn t in 9M CY’20.
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