India: Primary rebar prices rise faster than HRC, higher by nearly INR 5,000/t in Feb’26

The reverse or negative spread between domestic hot-rolled steel coil (HRC, IS 2062, 2.5-8mm) and blast furnace-origin reinforcement bar (12-32mm, IS 1786) prices in the domestic market expanded sharply to – INR 4,900/t in February compared to – INR 2,500/t in January, as per BigMint assessment.