TMT rebars, the steel reinforcement bars essential for residential, commercial and infrastructure projects, fell to their lowest levels in six months as the monsoon season dampened construction demand across India. Analysts attribute the decline to delayed project timelines and reduced procurement during heavy rains. The price dip could lower overall construction costs but may also signal a slowdown in sector activity for the coming months.
TMT rebars, the steel reinforcement bars essential for residential, commercial and infrastructure projects, fell to their lowest levels in six months as the monsoon season dampened construction demand across India. Analysts attribute the decline to delayed project timelines and reduced procurement during heavy rains. The price dip could lower overall construction costs but may also signal a slowdown in sector activity for the coming months.