Primary TMT Prices Hold High Amid Plant Maintenance

Key Takeaways

• TMT Prices remain elevated: Primary TMT rates in Mumbai, Delhi NCR, and Vizag hover around Rs 54,500–58,500/MT due to tight supply.
• Demand softening: Market inquiries have declined significantly, hinting at a cooling phase in TMT demand.
• Plant maintenance impacts supply: Ongoing shutdowns at primary mills are contributing to short-term price firmness.
• Price drop expected: Experts predict a downward correction in early May as demand continues to dip.
• PM Modi’s vision: At India Steel 2025, focus was placed on boosting capacity, reducing imports, and raising exports to 500 MT.

Primary TMT Prices

• Prices are as follows (size 12 to 32mm):
• Ex-Mumbai: Rs. 58,000- 58,500/MT 
• Ex-Delhi NCR: Rs.58,000 - 58,500/MT 
• Ex-Vizag: Rs. 54,500- 55,000/MT 
• Note - Distributors across North, West and South have increased the prices. Above pricing is based on the same.

Primary TMT Demand & Supply

Demand in the market seems to be slow because the number of inquiries has dropped. Prices are higher because of the supply issues. A few primary plants are undergoing maintenance, thus there will be a shortage on the market. The prices are further expected to cut in the coming month.

Primary TMT News

PM Modi, at India Steel 2025, urged the industry to help build a “resilient, revolutionary, and steel-strong India.” He called for higher steel output, use of unused greenfield mines, and global partnerships for raw material security. Stressing the need for innovation and import substitution in coal, he said India aims to raise steel capacity to 300 MT by 2030 and per capita consumption to 160 kg. He also highlighted growing infrastructure demand and set a target to boost steel exports to 500 MT by 2047, aiming for zero imports and net exports.

Expert Opinion

According to prevailing market trends, prices are projected to decline in the next few days as a result of reduced demand. In particular, the number of inquiries has decreased compared to March, and this pattern is expected to persist in the near future. A more definitive understanding of the situation will become apparent in the coming days. To summarize, a decrease in prices is expected soon.