India's rebar production increased

According to the data shared by the JPC (Joint Plant Committee), India's rebar production in July 2023 increased by 12 percent compared to June and was recorded as 3.71 million tons. On an annual basis, there was an increase of 29 percent compared to July 2022.

In addition, the companies' production volumes have also increased. SAIL's production volume increased by 16 percent, TSL Group's production volume increased by 3 percent and JSPL's production volume increased by 13 percent.

While some companies' production volume increased, JSW's production volume decreased 38 percent m-o-m and RINL's production volume decreased 21 percent m-o-m.