Primary TMT Market Awaits Further Price Hikes Amid Strong Demand
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Key Highlights
- TMT Prices Increase: Rates have risen across Mumbai, Delhi NCR, and Vizag as mills adjust pricing upward in February'25.
- Market Demand Remains Stable: Inquiry levels have grown since January, but supply remains balanced.
- Industry Welcomes Budget Focus: Experts highlight benefits for MSMEs, exports, and infrastructure growth.
Primary TMT Prices
- Prices are as follows (size 12 to 32mm):
- Ex-Mumbai: Rs. 51,500-52,000/mt
- Ex-Delhi NCR: Rs.51,500-52,000/mt
- Ex-Vizag: Rs. 50,000 - 50,500/mt
- Note - Distributors across North, West and South have increased the prices. Above pricing is based on the same.
Primary TMT Demand & Supply
The demand in the market seems to remain stable, but the leading mills have increased their prices. Since the beginning of January, the number of inquiries has grown, as there are indications that these mills may raise their prices even further. Despite this, the supply and demand balance remains steady, with distributors holding sufficient stock to meet market needs.
Primary TMT News
JSW One TMT launched its "100% certified nahi toh TMT nahi" campaign, emphasizing the importance of BIS certification in TMT bars to ensure quality and reliability in construction.
JSW Group has ventured into the copper business, securing an MDO contract for two mining blocks in Jharkhand with a planned Rs 2,600 crore investment.
Lalit Beriwala praised the Union Budget 2025-26 for its focus on agriculture, MSMEs, investment, and exports, highlighting its role in fostering industry growth, infrastructure development, and employment generation.
Expert Opinion
The market is bursting with optimism, as both prices and inquiry levels have skyrocketed since January. The demand and supply equilibrium is holding strong, but there’s a palpable sense of anticipation in the air. By the second week of February, we can expect an even clearer, more exciting picture of the market to unfold, revealing opportunities and shifts like never before.
Daily Market Report
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