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India: Have BF-route rebar prices bottomed out? Improving mill order books points to firm Aug'26 outlook

Source: BigMint Jul 30, 2026 10:00

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Primary producers raise project offers by INR 1,000-1,500/t. Maintenance outages and lower output tighten supply outlook

The sharp correction in Indias blast furnace (BF)-route rebar prices may be nearing a floor, supported by a gradual improvement in infrastructure-led procurement, better project order bookings, firmer pricing by the primary producers, and some signs of supply-side discipline. While spot demand continues to be largely need-based during the

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