[vc_row][vc_column][vc_column_text]Leading mills in Mumbai and Jharna in western India are understood to have cut IF rebar prices by Rs 1,000/t ($13/t). Offers for 10-25mm Fe 500 rebar in Mumbai are currently at Rs 65,200/t ($859/t) EXW, while Jarna is estimated at around Rs 63,500/t ($837/t) EXW. It is reported that the price cut is due to suppliers being pressured by weak purchasing enquiries and increased inventories at steel mills.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_btn title=”About LMM GROUP” link=”url:https%3A%2F%2Fwww.lmmgroupcn.com%2Fabout-lmm%2F|target:_blank”][vc_column_text css=”.vc_custom_1649296177864{margin-top: 50px !important;}”]friendship Link:
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