Primary TMT Prices Remain Strong as Demand and Supply Dynamics Shift

Primary TMT

Secondary TMT

17 Feb 20251 Min ReadDaily Market Report

Primary TMT prices have increased across major regions in February due to rising distributor rates and material shortages. Demand remains stable but is expected to surge in March. Meanwhile, India faces rising steel imports amid concerns over redirected shipments from US tariff-affected exporters.

Key Updates

Price Hike Across Regions: Distributors in North, West, and South India have increased prices in the initial days of February, pushing TMT rates higher. Supply constraints and steady demand contribute to the rising trend.
Steel Imports Surge, Exports Decline: India's steel imports rose 20% in April'24-January FY25, while exports fell 28.9%. The industry fears increased dumping as US tariff policies may redirect shipments to India.
Demand to Rise in March: Market demand remains stable but is expected to grow significantly in March. Supply shortages at distributor levels have driven price increases in primary steel markets.

Primary TMT Prices

Prices are as follows (Size: 12 to 32 mm):
Ex-Mumbai: Rs. 52,000-52,500/ton
Ex-Delhi NCR: Rs. 52,000-52,500/ton
Ex-Vizag: Rs. 51,000-51,500/ton
Note: Distributors across North, West, and South India have increased prices. The above pricing reflects these changes.

Primary TMT Demand & Supply

Current trends suggest that market demand is stable. Prices for both primary and secondary mills have increased since January. The availability of materials from distributors influences both supply and demand. Demand is expected to rise significantly in March. Prices have surged due to a shortage of materials with distributors.

Primary TMT News

India’s steel industry must stay alert as exporters to the US may redirect shipments to India following the recent US tariff imposition, warns JSPL Chairman Naveen Jindal. He urged protection against unfair exports, highlighting that Indian steelmakers have long raised concerns over steel dumping. The Indian Steel Association has filed an application with the DGTR, which is currently under review. India's steel imports surged 20% in April-January FY25, while exports dropped 28.9%, making the country a net importer.

Expert Opinion

According to current trends, market demand remains steady. Since January, prices for primary and secondary mills have increased. The availability of materials from distributors continues to impact demand and supply. In March, demand is expected to rise significantly. Due to material shortages, prices have surged sharply.