India’s Coated Flat Steel Prices Steady; Demand Recovery Seen Post-Festive Season
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Flat steel prices remained steady across Indian markets, with traders expecting demand revival post-September. Coated steel stayed firm but lacked traction. Market sentiment is cautiously optimistic ahead of the festive season and infrastructure recovery.
Key Highlights
- Flat steel prices (HRC & CRC) remain stable across key Indian markets with no day-on-day changes.
- Demand stays weak in major end-user sectors but is expected to recover post-festive season, from September onward.
- Coated flat steel prices hold firm w-o-w despite sluggish buying and auction material limiting price increases.
- Market sentiment is cautiously optimistic, with festive demand and policy support likely to aid recovery after monsoon-led slowdowns.
Flat Steel Prices & Trends
Markets reported no price changes in HRC & CRC compared to the previous day across a few geographical locations. The prices of flat products in various markets are as follows:
| Location | HRC | CRC | PM Plate |
|---|---|---|---|
| NCR | 52,500 | 58,500 | 53,000 |
| Mumbai | 50,500 | 59,500 | 54,000 |
| Ahmedabad | 52,000 | 60,500 | 53,500 |
| Chennai | 51,500 | 60,500 | 53,000 |
| Kolkata | 50,000 | 58,500 | 51,500 |
| Hyderabad | 52,000 | 61,000 | 53,000 |
Demand and Supply Outlook
- Demand continues to be weak across major end-user sectors, reflecting a lack of immediate momentum.
- However, traders and industry participants expect a noticeable recovery in demand to begin after the festive season, likely from September onward.
Steel News and Global Trends
India: Coated flat steel prices hold firm w-o-w, but demand recovery yet to gain traction
- Coated flat steel prices in India remained stable during the week ending August 21, 2025, with minimal week-on-week changes amid sluggish market activity.
- Market sentiment was described as “slow to stable,” with only limited spot buying observed.
- The presence of auction material in circulation prevented prices from increasing despite steady inquiries.
Expert Market View
- The market sentiment for Indian HRC is cautiously optimistic, with prices remaining stable despite the ongoing monsoon season and global market slowdowns. Buyers are pausing to assess the impact of the approaching end of the monsoon, the potential uplift from the festive and busy season, and the government’s proposed tax reforms.
- Demand is expected to recover from early September as weather-related disruptions ease, though inflationary pressures and high lending costs could temper the recovery.
Hot Rolled Plates
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