Primary TMT Prices Rise Sharply as Market Remains Unstable Amid Supply Shortages
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Primary TMT prices have increased sharply across key markets, with distributors increasing rates due to persistent material shortages. Prices now stand at Rs 55,500-56,000/mt in Mumbai and Delhi NCR, and Rs 53,000-53,500/mt in Vizag. The market remains volatile, with expectations of further price hikes. Experts predict continued price increases in March due to supply constraints.
Key Highlights
- Primary TMT Price Surge: Prices have increased significantly in March, now ranging from Rs 53,000 to Rs 56,000/mt across major regions.
- Market Volatility: The market remains unstable as manufacturers and distributors continue to raise prices due to material shortages.
- Supply Constraints: Scarcity of material is a key concern, and distributors expect the shortage to persist through March.
- JSW Steel Performance: The company reported a 12% YoY rise in crude steel production but a sharp 70.65% drop in net profit.
- Future Outlook: Prices are expected to rise further in the coming weeks as demand remains strong amid limited supply.
Primary TMT Prices
- Prices are as follows (size 12 to 32mm):
- Ex-Mumbai: Rs. 55,500-56,000/mt
- Ex-Delhi NCR: Rs.55,500-56,000/mt
- Ex-Vizag: Rs. 53,000 - 53,500/mt
- Note - Distributors across North, West and South have increased the prices. Above pricing is based on the same.
Primary TMT Demand & Supply
The prices have increased drastically from month of February. The market seems unstable as there has been significant price rise by manufacturers and distributors as well. The distributors are expecting further price rise in the coming days as the scarcity of material still persist in the market.
Primary TMT News
- JSW Steel reported a 12% YoY rise in consolidated crude steel production to 24.07 lakh mt in February 2025. The Indian unit's output grew 13% to 23.32 lakh mt, with capacity utilization at 93.5%.
- JSW Steel USA's production fell 70.65% YoY to 0.75 lakh mt. The company’s Q3 FY25 net profit dropped 70.65% YoY to Rs 719 crore, while revenue declined 1.32% to Rs 40,793 crore.
Expert Opinion
The market is showing uptrends in terms of pricing and demand. The demand and supply is hit because of scarcity of material, which is expected to persist in the month of March. The prices may further increase in the coming week.
Daily Market Report
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Primary TMT Prices Rise Amidst Supply Shortage and Expected Import Duty Increase
Primary TMT prices have surged by Rs 1,000-1,500/MT due to supply constraints and rising demand. Distributors across North, West, and South India have adjusted their pricing, with scarcity expected to persist throughout March. With the government considering higher import duties on steel, further price hikes are anticipated in the coming days.
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