India HRC-rebar negative spread widens further in Jan'26 but steel prices rally

Source: BigMint Feb 05, 2026 08:30

HRC - rebar reverse spread assessed at- INR 2,500. Average monthly HRC prices rise over 10% in Jan. Primary mills hike rebar prices thrice on fast inventory depletion

Indian steel prices staged a rally in January 2026, recovering from 5-year lows in December, with surging raw materials prices and adequate policy support emerging as the key drivers. Prices across segments witnessed a sharp uptick, with the mills aggressively hiking prices to meet surging production costs. As per assessment,

Price Curve

Daily Prices

Spiral welded pipe prices: Cangzhou

Feb 10, 2026 13:34
Construction steel prices: Nanjing

Feb 10, 2026 12:05
Construction steel prices: Hangzhou

Feb 10, 2026 12:01
Construction steel prices: Shanghai

Feb 10, 2026 11:57
CRC prices: Urumchi

Feb 10, 2026 11:44

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