Primary TMT Prices Stable; Supply Chain Disruptions Expected Post-Monsoon
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Primary TMT prices remain stable across major regions, with Ex-Mumbai and Delhi NCR prices at Rs 51,000-51,500/ton and Ex-Vizag at Rs 49,500-50,000/ton. Distributors expect price hikes post-monsoon due to rising demand and potential supply disruptions. Meanwhile, the steel ministry is in talks to protect the domestic industry from rising imports.
Primary TMT Price
- Prices are as follows (size 12 to 32mm): 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
- The prices in the market have not changed. The market's demand appears to be stagnant. The wholesalers have enough of the material available for a seamless supply. With the monsoon season coming to an end, distributors anticipate pricing increases in the upcoming months. In the upcoming months, material availability will be an issue since it will cause supply chain disruptions.
Primary TMT News
- The steel ministry is in talks with the finance ministry to explore policy measures aimed at reducing rising steel imports, including imposition of a minimum import price and protecting the domestic industry, Union minister HD Kumaraswamy said on Wednesday.
Expert Opinion
- The market is now seeing price stability and a consistent supply and demand pattern. In the upcoming months, it may shift as distributors anticipate a rise in market demand. Within a week or two, the market pattern will be clear.
Daily Market Report
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