Gujarat based Mono Steel India Ltd (Mono TMT Fe 500) has incresed rebar offer by INR 500/t. Current offer for 12 mm rebar is at INR 47,850/t FoR Ahmedabad (excluding GST) for new bookings. Notably, the company has taken the plant under maintenance till 31st Dec ’20. However, dispatches for old backlog orders are still to be processed, sources told to SteelMint. Mono Steel has a rolling capacity of 0.22 mn t pa.
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