India consumed approximately 50.3 million tonnes (MT) of TMT bars in FY24 . This figure represents an increase from the 46 MT consumed in the previous fiscal year (FY23) 

TMT bar wastage on construction sites typically ranges from 2% to 5%, with 2-3% being a standard acceptable rate for factors like cutting, bending, and handling, and 5% or more sometimes used in initial estimates. However, the actual wastage can increase due to poor site management and complex project designs