Raipur, Chhattisgarh-based Real Ispat and Power Ltd (GK TMT) has reduced re-bar offers by INR 500/t, as per latest reports. The current offer for Fe 500D (10-25 mm) re-bar stands at INR 48,000/t exw, excluding GST. As per market sources, drop in prices announced by market rivals in the region amid weak demand in the spot market and continuously falling semi-finished steel prices have resulted in a sharp decline in the company's re-bar offers.
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