Gujarat based Mono Steel India Ltd (Mono TMT), has reduced rebar offer by INR 400/t, sources reported to SteelMint. Current offer for 12mm rebar stands at INR 33,900/t on next day payment term. As per the trade sources, weak demand along with price correction in past few days in nearby markets have created a pressure on rebar prices. The company has a rolling capacity of 220,000 t pa.
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