Primary TMT Demand Heats Up; Price Increase Expected in January 2025

Key Insights

• TMT Price Hike: Primary TMT prices have increased by Rs 500-1000/mt due to rising demand and material scarcity.
• Market Demand: Demand has surged in the last few days, leading to price increases in the primary market.
• January Outlook: Further price hikes are expected in January, with clearer trends emerging after the first week.
• SAIL-ISM Partnership: SAIL-IISCO collaborates with IIT (ISM) Dhanbad to advance mining and metallurgy technologies.
• Expert Opinion: Positive market trends are expected to continue, with stronger signals emerging in the coming weeks.

Primary TMT Prices

• Prices are as follows (size 12 to 32mm): Ex-Mumbai: Rs. 52,000-52,500/mt Ex-Delhi NCR: Rs.52,000-52,500/mt Ex-Vizag: Rs. 51,000 - 51,500/mt -Note - Distributors across North, West and South have decreased prices. Above pricing is based on the same.

Primary TMT Demand & Supply

The demand in the market has increased in past 2–3 days. There is a scarcity of material with distributors. The prices have been increased in primary segment by Rs 500-1000 per mt. The prices will further increase in month of Januray. A clear picture will come in after 1st week of January.

Primary TMT News

SAIL-IISCO Steel Plant (ISP) in Burnpur has partnered with the TEXMiN Foundation of IIT (ISM) Dhanbad to advance the mining and metallurgy sectors. The collaboration will establish a state-of-the-art immersive learning center, aiming to drive technological progress and enhance workforce skills through advanced training programs. The initiative integrates hands-on case studies, simulations, and digital transformation solutions to foster innovation and sustainability in the industry.

Expert Opinion

The market shows upside trend as the enquiry flow has increased in the past 2–3 days. As the pattern suggests, market will show positive trends in coming months. A clear picture will emerge after 1st week of January.