In the blast furnace-route rebar space, sluggish demand and need-based buying led to a rise in inventory by 8% or an additional 40,000-50,000 tonnes (t). Thus, January saw a stock pile-up of over 600,000 t which continued into early February. Trade-level BF-route prices hovered at INR 51,700/t ($623/t) exy-Mumbai and project prices, at INR 50,000-50,500/t ($602-608/t) FOR levels.
