Dear Customers,
To expand SMM’s coverage of the India’s domestic rebar market and provide greater price transparency and reduce trading risks for market participants. SMM will launch five daily India’s domestic rebar price assessments on 25 August 2026.
The new assessments will reflect prevailing spot-market transaction levels for Mumbai, Raipur, Jalna, Chennai and Durgapur for rebar EXW. The assessments will be based on information collected from suppliers, traders, steelmakers and other active market participants, including confirmed transactions, bids and offers that meet or can be normalized to SMM’s assessment specifications.
This initiative represents an important step in strengthening SMM’s coverage of India’s domestic rebar market and will provide independent benchmarks for procurement negotiations, contract valuation, market analysis and risk management.
Details of the New Price Assessments
|
Price assessment |
Price definition |
Quality standard |
Delivery basis |
|
Rebar Fe 415/500D Φ10-25 EXW Mumbai |
Rebar Fe 415/500D Φ10-25 EXW Mumbai, INR/tonne |
IS 1786:2008 |
EXW Mumbai |
|
Rebar Fe 415/500D Φ10-25 EXW Raipur |
Rebar Fe 415/500D Φ10-25 EXW Raipur, INR/tonne |
IS 1786:2008 |
EXW Raipur |
|
Rebar Fe 415/500D Φ10-25 EXW Jalna |
Rebar Fe 415/500D Φ10-25 EXW Jalna, INR/tonne |
IS 1786:2008 |
EXW Jalna |
|
Rebar Fe 415/500D Φ10-25 EXW Chennai |
Rebar Fe 415/500D Φ10-25 EXW Chennai, INR/tonne |
IS 1786:2008 |
EXW Chennai |
|
Rebar Fe 415/500D Φ10-25 EXW Durgapur |
Rebar Fe 415/500D Φ10-25 EXW Durgapur, INR/tonne |
IS 1786:2008 |
EXW Durgapur |
Assessment Specifications
- Assessment frequency: Daily on Indian working days
- Information-collection window: 13:00–14:00 India Standard Time
- Publication time: 15:00 India Standard Time
- Currency and unit: INR/tonne
- Minimum cargo size: 25 tonne
- Shipment period: Within 10-15 days
- Payment terms: Settlement in Cash INR, or other standardized payment methods
- Tax basis: Exclusive of applicable taxes and duties
Hot-rolled thermo-mechanically treated (TMT) reinforcement bar manufactured in accordance with IS 1786:2008, grades Fe 415/Fe 500D, in diameters Ø10–Ø25 mm. Mechanical properties: yield strength (ReH) ≥415 MPa (Fe 415) / ≥500 MPa (Fe 500D); tensile strength (Rm) ≥485 MPa (Fe 415) / ≥565 MPa with UTS/YS ≥1.08 (Fe 500D); elongation after fracture (A) ≥14.5% (Fe 415) / ≥16% (Fe 500D). Chemical composition (ladle analysis): Carbon (C) ≤0.25%, Sulphur (S) ≤0.040%, Phosphorus (P) ≤0.040%, S+P ≤0.075%.
SMM will prioritize confirmed arm’s-length transactions, followed by firm bids and offers and corroborated market indications. Reported information may be normalized for differences in origin, grade, destination port, quantity, shipment period and payment terms in accordance with the SMM price methodology.
The five assessments will be published under International Steel Scrap from 25 August 2026.
SMM welcomes feedback from market participants regarding the new assessments.
Shanghai Metals Market (SMM)
Steel Research Team
25 August 2026