Indian Rebar Prices Continue Downward Trend: Analysis and Market Dynamics (May 2025)
So, what's the latest? Well, as we're hitting mid-May 2025, those Indian rebar prices are still heading south! It's been a bit of a weak spell for the last five weeks or so. This is happening even though there are some things that should be propping prices up, like the government's push for more infrastructure and some earlier tweaks to supply. Right now, it really boils down to not a lot of folks buying (that's "subdued demand" in fancy talk) and plenty of rebar already sitting around. This is putting the squeeze on prices for both the top-tier and the regular ol' steel markets. What's Happening with Prices Right Now? Word on the street is that rebar prices have dipped again, by about INR 500 to 800 a tonne (that's roughly $6-8/t) in the week just before May 15th, 2025. This comes after we already saw a drop earlier in May – prices for rebar out of Mumbai (EXW) went from $689/t down to $681/t between May 2nd and May 9th. Just to give you an i...