Primary TMT Prices Expected to Surge Amid Growing Demand and Material Shortage
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Primary TMT steel prices are experiencing an upward trend, with distributors raising prices across key regions. Market demand has grown as consumers accept stable pricing, but the ongoing maintenance at the SAIL facility signals potential material shortages and further price increases.
Key Takeaways
- Regional Price Increase: Ex-Mumbai and Ex-Delhi NCR prices at Rs. 55,500-56,000/mt; Ex-Vizag at Rs. 53,500-54,000/mt; prices up across North, West, and South.
- Demand Growth Expected: Expected demand growth as buyers accept prices; SAIL maintenance may cause supply shortfalls and additional hikes soon.
- EU Green Shift: EU’s CBAM tariffs on high-carbon imports benefit low-emission steel products.
- Further Price Increases Anticipated: Rising demand and limited supply may drive further TMT price increases; clearer outlook in 2-3 days.
Primary TMT Prices
- Prices are as follows (size 12 to 32mm): Ex-Mumbai: Rs. 55,500-56,000/mt Ex-Delhi NCR: Rs. 55,500-56,000/mt Ex-Vizag: Rs. 53,500 - 54,000/mt
- Note - Distributors across North, West and South have increased prices. Above pricing is based on the same.
Primary TMT Demand & Supply
- The distributors expect a surge in demand this week since consumers have started to accept the pricing and price consistency. Although the SAIL facility is undergoing maintenance, there is no scarcity of material because the wholesalers have supplies. They do, however, predict a shortage in the coming days, which will lead to more price hikes.
Primary TMT News
- With the EU’s Carbon Border Adjustment Mechanism (CBAM) set to levy tariffs on high-carbon imports, green steel producers may find an advantage in Europe’s shift toward low-emission products. CBAM, part of the European Green Deal, requires importers to buy credits covering emissions from goods such as steel, aluminum, and cement from outside the EU.
Expert Opinion
- Demand grew last week and is expected to grow considerably more in the coming days. A clear image is expected to be available in two to three days. Due to the material shortage, supply and demand will be hindered, and ex-plant prices in the main segment would increase further.
Daily Market Report
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