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TMT Rebar Prices Hit Six-Month Lows
4 Jul
Summary
- TMT rebar prices have fallen to ₹50,000 per tonne, a six-month low.
- Demand weakness and inventory overhang are driving the price drop.
- Prices may recover post-monsoon with infrastructure projects.
TMT rebar prices have reached a six-month low, settling at ₹50,000 per tonne as of June 30, 2026. This represents a 10% decrease from the May-end price of ₹56,000 and a substantial 16% drop from April's ₹60,000.
The decline is primarily attributed to weak demand and excess inventory in the market, rather than cost fluctuations. Subdued construction activity, exacerbated by the ongoing monsoon season which disrupts site work and delays contractor purchases, has significantly impacted steel demand.
Looking ahead, market research suggests a potential stabilization or mild increase in prices post-monsoon. This outlook is supported by a robust pipeline of infrastructure and government-backed projects expected to boost demand. However, the extent of any price recovery will hinge on the timely release of funds and the reduction of current stock levels.
