Primary TMT Prices Remain Stable as Demand Rises and Import Restrictions Loom
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_5_aa00ea05fb.png&w=1920&q=100)
Primary TMT prices stay steady across major regions, including Mumbai, Delhi NCR, and Vizag. Demand has increased noticeably over the last few days, supported by rising enquiries. Government efforts to restrict Chinese steel imports through heavy taxation may lead to a price surge. Experts predict an upward trend in prices as demand strengthens and the financial year draws to a close.
Key Takeaways
- Stable Pricing: Prices are steady across Mumbai, Delhi NCR, and Vizag, reflecting consistent market trends.
- Rising Demand: Enquiries and market demand for TMT have seen a positive uptick over the past few days.
- Import Restrictions: Anticipated heavy taxes on Chinese steel imports are expected to impact domestic pricing.
- SAIL Supply for INS Nilgiri: SAIL supplied 4,000 mt of special steel for INS Nilgiri, showcasing strong domestic production.
- Expert Outlook: Prices are likely to rise soon as demand grows and financial year-end approaches.
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 kept the prices stable. Above pricing is based on the same.
Primary TMT Demand & Supply
- Demand in the market has increased in the past 3-4 days. The flow of enquiries has increased. It's a positive sign for the steel industry. There are predictions that prices will increase in a few days. The government is taking initiative to curb import of Chinese steel in India by levying heavy taxes. It will increase the prices of steel in India. A clear picture will come in a few days.
Primary TMT News
State-owned SAIL provided 4,000 mt of special steel, including DMR 249A grade HR sheets and plates, for INS Nilgiri, commissioned in Mumbai. SAIL’s Bokaro plant supplied 2,000 mt, while Bhilai and Rourkela contributed 1,600 and 400 mt, respectively.
Expert Opinion
The demand trend has increased in the last 3-4 days. The market seems on the positive side. The demand and supply seems smooth as there is a lot of inventory in hand with the distributors. The prices are stable now but may show upward trend in a few days as this is the last quarter of financial year.
Daily Market Report
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_498d35a6c3.png&w=3840&q=75)
Primary TMT Prices Hold Steady Amid Sluggish Demand
Primary TMT prices remain stable across major regions, with distributors lowering rates this month due to reduced demand. Steel imports reached a six-year high, driven by Chinese shipments, while domestic consumption surged 11.2% year-on-year. Despite steady prices, distributors anticipate potential increases soon.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_3_bc5e70be36.png&w=3840&q=75)
Primary TMT Prices Fall Amid Demand Declines
Primary TMT prices have decreased across regions, with Ex-Mumbai and Ex-Delhi NCR prices falling to Rs. 51,500-52,000/mt. Demand has decreased compared to December, and queries are lower this fiscal quarter. India is projected to lead steel demand growth in 2025, driven by housing and infrastructure projects, while domestic supply faces challenges.
Read Story
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252F16493_1317_image_0_d2f7b743ad.jpg&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FTMT_Fe_550_D_d1944141c6.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Fhot_rolled_steel_coil_roll_o0_Q4an9_600_fe306f6654.jpg&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FCRC_cec6577b20.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FHR_Plate_4c9d03721e.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fbg-png-msite.png&w=3840&q=30)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fved.png&w=128&q=75)