[SMM Steel] India BF-route rebar weakens as inventories pressure market

Published: Jul 6, 2026 13:30

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[India] India’s BF-route rebar price fell by around 17 USD/tonne week on week to about 512 USD/tonne, pressured by seasonal construction slowdown, rainfall, project delays and rising distributor inventories. Demand remained need-based, while mill inventories stood at around 10-15 days. Major mills may cut long steel prices amid inventory pressure. In contrast, HRC stayed stable at around 609 USD/tonne, supported by safeguard duties and lower imports.

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