Category: Rebar
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India: IF-route rebar prices drop m-o-m in Apr’26 amid post-ceasefire caution, subdued demand
Mill inventories rise to 10-12 days from 8-10 days in Mar’26 Billet, sponge iron prices decline, reducing cost support Induction furnace (IF)-route rebar prices decreased by INR 1,400-5,300/t m-o-m in April 2026 across regions, as per BigMint’s assessment. Market sentiment remained weak as buyers adopted a cautious stance following the US-Iran ceasefire announcement and resisted…