Gujarat based Mono Steel India Ltd (Mono TMT Fe 500) has further reduced rebar offer by INR 500/t. Current offer for 12 mm rebar stands at INR 42,350/t FoR Ahmedabad (excluding GST), effective from today. Offers decreased by INR 1,000/t this week. Dull demand remained as the major factor behind continuous price drop, sources told SteelMint. Mono Steel has a rolling capacity of 0.22 mn t pa.
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