Concrete Reinforcing Bar Price in India Drops Slightly to $776 per Ton
Mar 21, 2023
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The article provides information on India's concrete reinforcing bar export price in November 2022, which declined by 2.1% to $776 per ton (FOB, India). The price was most pronounced in May 2022 when it increased by 22%. The article also reports on the differences in average prices for major overseas markets, with the Netherlands being the country with the highest price at $1,104 per ton, and Bhutan having one of the lowest prices at $679 per ton. The article goes on to discuss India's concrete reinforcing bar exports and their destinations, with Maldives being the top one, accounting for 63% share of total exports. Despite the overall slump in exports in value and volume terms, exports to Maldives remained steady with an average monthly growth rate of +9.2%. Overall, this article provides an informative analysis for businesses looking to trade in India's concrete reinforcing bar market.