Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Steel industry analysts report a significant decline in Hot Rolled Coil (HRC) and Rebar prices over the past two years, with HRC dropping from ₹59,500 per tonne in April 2023 to ₹49,000 per tonne in December 2024. Similarly, Rebar prices fell from ₹59,900 per tonne to ₹47,500 per tonne during the same period.
However, a sharp recovery is visible in early 2025, with Rebar surging to ₹54,400 per tonne in March, signaling stronger demand and supply corrections. Market analysts attribute this rebound to rising infrastructure projects, improved steel demand, and potential government interventions.
Experts anticipate further volatility, with global raw material prices, policy regulations, and trade restrictions playing a crucial role in price stabilization. Industry players are advised to closely monitor trends for better procurement strategies.
📊 Source: SteelBazaar News | Data: Market Analysts & Industry Reports
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