Primary TMT Price and Market Trends - Tata Steel Expansion and Forecasts

Primary TMT prices are stable, but increases are expected due to rising demand and supply constraints. Experts are predicting higher prices in the next few weeks. Meanwhile, Tata Steel’s Rs 27,000 crore Kalinganagar expansion in Odisha will boost capacity and position the state as a key investment hub.

Primary TMT Price

Prices are as follows (size 12 to 32 mm): Ex-Mumbai: Rs. 51,000-51,500/ton Ex-Delhi NCR: Rs. 51,000-51,500/ton Ex-Vizag: Rs. 49,500–50,000/ton
Note - Distributors across North, West and South have increased prices. Above pricing is based on the same.

Primary TMT Demand and Supply

While market prices seem stable, distributors predict price hikes in the foreseeable future because of rising demand and limited supply owing to wagon allocation. Although supply and demand are currently balanced, they may not be in the coming days.

Primary TMT News

Tata Steel's Kalinganagar expansion is poised to make Odisha a top investment destination.
The steel major has invested Rs 27,000 crore on the second phase of the Kalinganagar plant expansion, and the company is about to commission its expanded capacity at the unit.
On Monday, Tata Steel said Odisha would emerge as the company's single-largest investment destination after the phase-II expansion of its Kalinganagar plant from 3 million tons per annum to 8 million tons per annum.

Expert Opinion

The next few months will see an increase in market demand as the monsoon season comes to an end. Prices are stable as a result of the current stagnating demand. In the following week, distributors expect higher prices from primary mills. It will become obvious after four to five days.