Primary TMT Prices Rise as Demand Increases; Market Faces Supply Shortage

Key Takeaways

• Price Increase: Primary TMT market saw distributor price hikes, with prices range from Rs 52,500/mt in Vizag to Rs 54,500/mt in Delhi and Mumbai.
• Supply Challenges: February saw material shortages and fluctuating prices, affecting both supply and demand.
• Price Forecast: Distributors expect a Rs 1,000–1,500/mt increase in March due to rising demand and fiscal year-end purchases.
• Infrastructure Update: India’s first 200-meter ‘Make in India’ steel bridge for the bullet train is set to launch in 2025.
• Market Sentiment: Plants will announce new rates in early March, with an expected upward trend due to material scarcity.

Primary TMT Prices

• Prices are as follows (size 12 to 32mm):
• Ex-Mumbai: Rs. 54,000-54,500/mt
• Ex-Delhi NCR: Rs.54,500-54,500/mt
• Ex-Vizag: Rs. 52,500 - 53,000/mt
• Note - Distributors across North, West and South have increased the prices. Above pricing is based on the same.

Primary TMT Demand & Supply

• In the month of February, the market experienced a shortage of materials and fluctuating prices, which had a negative impact on both supply and demand. New rates will be opened by the plants during the first week of March. The distributors anticipate a price increase of Rs 1000–1500 per mt in March due to buyers closing their books at the end of the fiscal year, which will raise demand and cause supply and demand to be impacted.

Primary TMT News

India’s first 200-meter-long ‘Make in India’ steel bridge for the Mumbai-Ahmedabad Bullet Train is set to launch in March 2025 near Nadiad, Gujarat, on NH-48. The bridge, part of the MAHSR project by NHSRCL, consists of two 100-meter spans, is 14.3 meters wide, and 14.6 meters high. Manufactured at Salasar Workshop in Uttar Pradesh, it weighs 1,500 metric tons and uses Tension Control High-Strength Bolts for a 100-year lifespan. Coated with C-5 System Painting for enhanced durability, this is the first of 28 steel bridges planned for India’s high-speed rail corridor.

Expert Opinion

The plants will open their rates in the first week of March as the last month of the fiscal year approaches. Due to material scarcity and rising demand, distributors are expecting prices to exhibit an upward trend. A complete picture will be available after the first week of March.