DOMESTIC TMT REBAR PRICES HAVE DROPPED TO A 2-YR LOW
The Business Guardian|July 25, 2023
The cost of TMT rebars is at its lowest level in 24 months, with rates for BF-produced TMT bars at Rs 51,400/tonne and rebars
DOMESTIC TMT REBAR PRICES HAVE DROPPED TO A 2-YR LOW

Prices for TMT rebars, which are essential for infrastructure projects and are currently trading at 24-month low levels, are projected to stay low for the foreseeable future, according to SteelMint. According to the research agency, prices for TMT bars produced via the blast furnace (BF) route have reached Rs 51,400/ tonne levels and those for rebars produced via the induction furnace (IF) route are currently selling at Rs 47,493/tonne.

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