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Indian rebar prices drop ₹300-700/tonne amid demand slump.
Geopolitical tensions, weak construction activity pressure market.
Mills cut prices, recalibrate production amid ongoing uncertainty.
India’s domestic rebar market has entered a visible downtrend this week as steel mills implemented price cuts in response to sluggish demand and escalating regional geopolitical tensions. Market participants reported that rebar quotations in several key regions, including Raipur, Durgapur, and Mandi Gobindgarh, have dropped by ₹300-700 per tonne.
Steelmakers cited weak construction activity, cautious procurement sentiment, and unstable global cues as reasons for the adjustment. The ongoing border tensions in West Asia and concerns over raw material availability further added to the market’s cautious tone.
In central and eastern India, mills have reduced rebar offers by ₹500-600/tonne, while western markets like Mumbai and Jalna also witnessed markdowns. Distributors and stockists remain hesitant, anticipating further price corrections in the coming days.
Industry insiders suggest that unless construction demand improves after the ongoing elections and global geopolitical pressures ease, Indian rebar prices are likely to stay under pressure. Meanwhile, mills are reportedly recalibrating production volumes to align with weak off-take.
The downtrend reflects the overall sluggish mood prevailing in the domestic long-steel segment as uncertainties persist both on the demand front and geopolitical backdrop.
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