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Steel Exchange India
SectorCapital Goods
In the news
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Steel Exchange hits record re-bar production in August 2026
Company insights, generated from the most recent coverage.
Provisional Q2 FY27 revenue of ~₹340 Cr, up ~45% YoY and 25% QoQ, was driven by record re-bar output of 69,465 MT — volume, not price, is doing the work.
The new reheating furnace structurally improved yields and utilisation, taking September monthly output to a record 25,095 MT, just 1.1% above August's 24,824 MT — capacity gains are now flattening out.
Re-bar utilisation was only ~46-47% as of the May 2026 call, so the Vizag Steel (RINL) billet-to-re-bar contract of 1.2 lakh tonnes a year remains the main runway for further volume gains.