TMT Bars

TMT bars are a highly demanded product among developing countries. They are mostly in demand for the tensile strength and longevity they add to new structures. TMT bars have been India’s export expertise for several decades. The country matches the global requirements of TMT Bars as the world’s second-largest steel producer.

The current TMT steel bar market is segmented by application, grade, diameter, and region. India produces bars ranging from 68 to 812 mm and above. By application, TMT steel bars are classified as commercial, residential, and infrastructure-grade. Most of the country’s target markets include Bangladesh, China, Japan, Belgium, and Spain. 

In 2022, India exported an estimated 85 million tonnes of TMT bars, which marked a healthy jump from its post-covid recovery of around 65 million tonnes. However, despite a fluctuating market, TMT bars export from India show significant promise. Stats suggest that the TMT steel bar industry will increase by 153.02 million tons between 2021 to 2026, marking a CAGR of 3.50%.