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India: IF-route rebar prices drop m-o-m in Apr'26 amid post-ceasefire caution, subdued demand

Source: BigMint May 09, 2026 09:00

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Mill inventories rise to 10-12 days from 8-10 days in Mar'26. Billet, sponge iron prices decline, reducing cost support

Induction furnace (IF)-route rebar prices decreased by INR 1,400-5,300/t m-o-m in April 2026 across regions, as per assessment. Market sentiment remained weak as buyers adopted a cautious stance following the US-Iran ceasefire announcement and resisted higher offers. Trading activity stayed largely subdued, with procurement limited to immediate requirements amid

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Price Curve

Daily Prices

Construction steel prices: Uzbekistan

May 09, 2026 20:36
Construction steel prices: Kyrgyzstan

May 09, 2026 20:36
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May 09, 2026 20:36
HR strip prices: China's major cities

May 09, 2026 17:30
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May 09, 2026 17:28

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