India: Rebar production almost flat m-o-m in Jan’22: JPC

India’s rebar production remained largely stable at 3.09 mnt in Jan’22 compared to 3.10 mnt in Dec’21, as per Joint Plant Committee (JPC) data. On an annualised basis, the same rose 7% against 2.89 mnt in CPLY. Production volumes of major primary mills except RINL saw an increase. RINL’s production volumes stood at 0.15 mnt, down 5% due to delayed coking coal supplies and scheduled maintenance.