Maharashtra-based Kalika Steel Alloys Pvt. Ltd. (Kalika TMT) has reduced rebar offers by INR 1,500/t. Current Fe 500 grade rebar (10-25 mm) offers stand at INR 52,500/t exw. Prices decreased due to dull demand as selling pressure has increased amid increasing inventories at mills, sources shared with SteelMint. Kalika Steel’s rebar production capacity is 40,000 t per month.
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