Flat Steel Prices Unchanged; Demand Outlook Positive for February
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Flat steel prices remained unchanged across key markets, with HRC and CRC rates holding steady. Demand is expected to remain stable or slightly rise in February, influenced by industrial activity and economic conditions. Market sentiment is improving, with buyers anticipating a more favorable outlook. While production remains steady, global and regulatory factors could influence price movements.
Key Highlights
- Stable Pricing: Flat steel prices, including HRC and CRC, remain unchanged across major markets, reflecting steady market conditions.
- Demand Outlook: February demand is expected to stay stable or slightly increase, driven by regional economic activity and industrial growth.
- Supply Constraints: Raw material costs and regulatory factors could impact production levels, potentially influencing future price movements.
- Market Sentiment: Buyers and sellers are optimistic about February, anticipating improved demand and better trading conditions.
- Global Factors: Economic and geopolitical uncertainties continue to pose risks, affecting both domestic supply and export market stability.
Flat Steel Prices
- Markets reported no price changes in HRC & 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. 48,500/ton
- Ex-Mumbai: Rs. 47,250/ton
- Ex-Ahmedabad: Rs. 48,500/ton
- Ex-Chennai: Rs. 48,500/ton
- Ex-Kolkata: Rs. 48,000/ton
- Ex-Hyderabad: Rs. 46,500/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. 52,500/ton and Rs. 53,500/ton for Hyderabad on an ex-works basis, respectively.
Flat Steel Demand and Supply:
Demand for steel in February 2025 will likely be steady or slightly higher, depending on regional economic conditions and industrial activity. On the supply side, production could face some constraints due to raw material costs or regulatory factors, which could influence steel prices. The overall outlook is generally optimistic, with potential risks from global economic and geopolitical uncertainties.
Flat Steel News
- Ex-India HRC prices have remained stable, with occasional deals being concluded at current levels. However, sentiment in the market has shown improvement as buyers anticipate a more favourable outlook for February.
- Despite the steady pricing, there is optimism that demand will pick up, potentially leading to better market conditions in the coming weeks. As a result, suppliers and buyers are cautiously optimistic about future developments.
Expert Opinion:
- The sentiment in India’s mild steel plates and coils market is cautiously optimistic, with steady demand from construction, infrastructure, and manufacturing sectors. While there hasn't been a significant surge in demand, consistent consumption is helping maintain market stability. Steel producers are keeping production levels steady, while closely managing inventory due to fluctuations in raw material costs and global market trends.
- Prices are stable at present, but any shift in raw material costs or demand could impact market conditions. Stakeholders are closely watching the situation for clearer economic indicators.
Daily Market Report
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