Primary TMT Prices High Amid Material Shortage, Further Increases Expected
Primary TMT prices have increased considerably since last week, driven by material shortages. Distributors are anticipating further price hikes due to increasing demand and tightening supply. As demand continues to grow, the current supply shortage could further strain the market in the coming weeks, pushing prices even higher.
Primary TMT Prices
- Prices are as follows (size 12 to 32mm): Ex-Mumbai: Rs. 54,500-55,000/ton Ex-Delhi NCR: Rs. 54,500-55,000/ton Ex-Vizag: Rs. 52,500 - 53,000/ton
- Note - Distributors across north, west and south have increased prices. Above pricing is based on the same.
Primary TMT Demand & Supply
- The pricing of plants has considerably increased. They've been rising since last week. Distributors' supply and demand patterns are being upset by the shortage of materials. In the next few days, distributors anticipate more price rises.
- The demand trend has strengthened throughout the previous week. Prices on the market are erratic, but in a few days, a distinct image will appear.
Primary TMT News
- China's iron ore imports increased 2.7% in September from August, reaching 104.13 million tons, driven by lower prices and expectation of higher demand in the construction season.
Expert Opinion
- Distributors predict that in the following weeks, prices might rise significantly. There is a worrying material scarcity in spite of the rising need, which could have an impact on supply and demand in the upcoming months.