India consumed approximately 50.3 million tonnes (MT) of TMT bars in FY23 (April 2022 to March 2023). This figure represents an increase from the 46 MT consumed in the previous fiscal year (FY22) 

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