Steel TMT rebar prices cool off to 2-year low, trend to continue: Report
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Update time : 2023-07-25 17:00:50
The prices of TMT rebars -- a key requirement for infrastructure projects -- are trading at 24-month low levels and the trend is expected to continue for the next few quarters, SteelMint said.
Rates of TMT bars produced through blast furnace (BF) route have touched Rs 51,400/tonne level and rebars manufactured through induction furnace (IF) are trading at Rs 47,493 a tonne, the research firm said.
China’s December aluminium production grows 4.2%, leading to 2024 output to 1 million tonnes shy of the production cap
