India: Mono Steel hikes rebar prices by INR 500/t ($7)
Gujarat-based Mono Steel India Ltd. (Mono TMT) has increased rebar prices today by INR 500/t. The current offer for Fe 500 rebar (12 mm) stands at INR 52,200/t FOR Ahmedabad, (excluding GST). Moderate demand and spot transactions as well as adequate volume of previous bookings by the mills have led to an increase in offers, sources said.