Flat Steel Prices Remain Stable Across Major Markets; January Sees Steady Demand
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FFlat_Steel_CRC_8_9c5ef57a75.png&w=1920&q=100)
Flat steel prices remained stable across major Indian markets, with HRC and CRC showing no significant changes. Demand is stable but cautious due to seasonal factors, while domestic supply is sufficient to meet needs.Industry experts note steady demand from infrastructure and manufacturing sectors, emphasizing inventory management as a key factor amid fluctuating global trends and raw material costs.
Key Takeaways
- Stable Prices: Flat steel prices, including HRC and CRC, show no significant change across major Indian markets.
- Cautious Demand: January demand for mild steel remains steady but subdued due to seasonal and economic factors.
- Balanced Supply: Domestic production meets market needs, ensuring price stability in the flat steel sector.
- Hot Rolled Plates: HR plates trade prices remain stable week-on-week, reflecting steady market dynamics.
- Industry Outlook: Experts anticipate stable conditions but warn that raw material costs and demand shifts could impact prices.
Flat Steel Prices
- Markets reported no price changes in HRC and CRC as compared to the previous day in a few geographical locations. The prices of flat products in various markets are as below:
HRC offers (Grade: E250 BR, Size 2.5-8.0 mm)
- Ex-NCR/Delhi: Rs. 50,500/ton
- Ex-Mumbai: Rs. 50,500/ton
- Ex-Ahmedabad: Rs. 51,200/ton
- Ex-Chennai: Rs. 51,000/ton
- Ex-Kolkata: Rs. 49,200/ton
- Ex-Hyderabad: Rs. 50,200/ton
CRC offers (Grade: IS513, Size 0.80-2.00 mm)
Ex-NCR/Delhi: Rs. 58,000/ton
Ex-Mumbai: Rs. 60,700/ton
Ex-Ahmedabad: Rs. 62,000/ton
Ex-Chennai: Rs. 60,700/ton
Ex-Kolkata: Rs. 59,000/ton
Ex-Hyderabad: Rs. 59,800/ton
PM Plates prices for Kolkata stand at around Rs. 55,500/ton and Rs. 55,700/ton for Hyderabad on an ex-works basis, respectively.
Flat Steel Demand and Supply
- The Indian mild steel market in January 2025 shows steady but cautious demand. While demand remains stable, it is somewhat subdued due to seasonal factors and economic uncertainties. On the supply side, domestic production is sufficient to meet market needs, with manufacturers maintaining steady output.
- However, inventory management is critical as producers watch global trends and raw material prices. Although prices have remained stable, any shifts in demand or production costs could affect the market balance in the near future.
Flat Steel News
The trade prices of Hot Rolled (HR) Plates in India have remained stable week-on-week. There has been no significant change in the price levels, reflecting a steady market condition. The price stability suggests that demand and supply dynamics are currently balanced, with no major fluctuations observed in the market. Traders and manufacturers are closely monitoring any potential changes that could affect pricing in the near future.
Expert Opinion
- The market sentiment for mild steel plates and coils in India is cautiously optimistic, with steady demand from sectors like construction, infrastructure, and manufacturing. While demand hasn't surged, consistent consumption is supporting market stability. Steel producers are maintaining stable production, and inventory management is crucial due to raw material cost fluctuations and global trends.
- Prices remain stable for now, but any changes in raw material costs or demand could influence market conditions. Overall, the market is being closely monitored as stakeholders await clearer economic signals.
Daily Market Report
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstructure_4010d97e42.png&w=3840&q=75)
Structure Steel Markets Stable Despite Supply Challenges; Secondary Mills Offer Discounts
Structure steel prices remain stable in the secondary market, while primary prices saw an increase of Rs. 500/mt. Supply issues in the primary market are being resolved, with heavy beams and channels expected to arrive soon. Secondary mills face no raw material shortages but are offering discounts due to subdued demand.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_5_aa00ea05fb.png&w=3840&q=75)
Primary TMT Prices Remain Stable as Demand Rises and Import Restrictions Loom
Primary TMT prices stay steady across major regions, including Mumbai, Delhi NCR, and Vizag. Demand has increased noticeably over the last few days, supported by rising enquiries. Government efforts to restrict Chinese steel imports through heavy taxation may lead to a price surge. Experts predict an upward trend in prices as demand strengthens and the financial year draws to a close.
Read Story
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FGI_Coil80_GSM_0_80mm_050acad7cb.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FHR_Plate_4c9d03721e.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FCRC_cec6577b20.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Fhot_rolled_steel_coil_roll_o0_Q4an9_600_fe306f6654.jpg&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FTMT_Fe_550_D_d1944141c6.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fbg-png-msite.png&w=3840&q=30)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fved.png&w=128&q=75)