Primary TMT Prices Continue to Rise, Distributors Expect Further Hikes
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Primary TMT prices have seen a sharp increase in March 2025, with rates in Mumbai and Delhi NCR at Rs. 56,000-56,500/mt, while Vizag stands lower at Rs. 53,500-54,000/mt. Distributors have raised prices due to ongoing supply constraints, and further hikes are expected.
Key Highlights
- TMT Prices Surge: Prices have increased sharply across key markets, with further hikes expected due to ongoing supply shortages.
- Market Remains Unstable: Rapid price fluctuations are creating uncertainty among traders and buyers, affecting purchasing decisions.
- Supply Constraints Persist: Distributors report limited material availability, pushing prices higher across North, West, and South India.
- PLI Investments Boost Steel Sector: Rs. 25,200 crore committed under the PLI scheme, strengthening India’s specialty steel production.
- Demand Outpaces Supply: Strong demand and restricted supply are expected to keep prices elevated through March.
Primary TMT Prices
- Prices are as follows (size 12 to 32mm):
- Ex-Mumbai: Rs. 56,000-56,500/mt
- Ex-Delhi NCR: Rs.56,000-56,500/mt
- Ex-Vizag: Rs. 53,500 - 54,000/mt
- Note - Distributors across North, West and South have increased the prices. Above pricing is based on the same.
Primary TMT Demand & Supply
In the month of March, prices have increased dramatically. The market seems unstable as a result of the significant price increases by distributors and producers. The distributors expect more price hikes in the coming days because of the continuous scarcity of supplies in the market.
Primary TMT News
- 35 companies have committed Rs 25,200 crore investment in the second round of the PLI scheme for specialty steel, according to the Ministry of Commerce and Industry.
- The Ministry of Steel is finalizing selections and signing MoUs. An estimated Rs 3,600 crore in incentives will be disbursed, with Rs 2,000 crore expected by the scheme's end.
- Overall, the Centre has approved 764 applications under the PLI scheme across 14 key sectors.
Expert Opinion
Both pricing and demand are rising in the market. Demand and supply are being impacted by the shortage of material, and this state of affairs are expected to last into March. The prices may increase further in the coming week.
Daily Market Report
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