Western India: Bhagyalaxmi rolling mill reduces rebar offer by INR 500/t ($7)

Bhagyalaxmi Rolling Mill Pvt. Ltd, (Polaad TMT), one of the leading rebar manufacturing mills in Jalna (western India) has lowered their rebar offer by INR 500/t. Current offer for 10-25 mm rebar stands at INR 48,500/t exw. Factors such as limited buying inquiries, price gap with other competitive brands, prompted the company to reduce their offer, sources shared with SteelMint. The company has around 2,000 t daily rebar production capacity.