Author: Kameshwar Rao

Restocking by re-rollers lifts billet prices by INR 500/t w-o-w Rebar gains on higher production costs, improved buying Southern India’s secondary steel market strengthened during the week ended 24 July 2026, supported by tighter sponge iron availability and improved procurement from re-rolling mills. Limited merchant sponge iron supply pushed up raw material costs, enabling billet…