Branch2 Intelligence
TMT Rebar Prices Hit Six-Month Low As Monsoon Impacts Demand: Report
Key takeaway
TMT rebar prices in India hit a 6-month low of ₹50,000/tonne as monsoon dampens construction demand.
- Step 11st-order: Monsoon reduces construction activity, lowering demand for TMT rebar.
- Step 22nd-order: Steel mills cut prices to clear inventory, leading to a 6-month low of ₹50,000/tonne.
- Step 33rd-order: Lower rebar prices reduce input costs for construction SMEs, improving their margins and working capital.
Source: IN:NDTV Profit
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