The market update for India in January 2022, with a focus on the construction sector, is as follows.

Crude Steel production
  • Crude Steel production reached 10.4 million tons in January 2022. This is higher than the production achieved during any month of the previous year.
  • After a brief dip in December 2021, prices of TMT rebars rose by 1.2% in Jan 2022.
Cement prices
  • Cement prices continued their recent downward trend; dropping from Rs. 435 per bag in October 2021 to Rs. 400 per bag in January 2022, a drop of 8%.
  • On the other hand, Crude Oil prices continued their steady climb, reaching USD 92.4 per barrel in Jan 2022.
Share Market

  • The benchmarks stock market indices, decreased marginally by ~ 0.6% in January 2022.

    • Consumer Confidence Index
    • The Consumer Confidence Index of the RBI increased to 63.7, which indicates a recovery in economic outlook in the eyes of consumers.
    • Gold prices increased by Rs. 2 to Rs. 4,753 per gram in the end of January 2022.