Primary TMT Prices Stable, Supply Sufficient; ISSDA Urges Protective Measures on Chinese Imports
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TMT prices remain steady across major cities, with wholesalers expecting increases post-monsoon. ISSDA urges a protective surtax on Chinese stainless steel imports, citing unfair trade practices affecting India's small and medium producers.
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 the North, West, and South have increased prices. The above pricing reflects these changes.
TMT Demand and Supply
- Market prices have remained unchanged, with demand remaining steady. Wholesalers report having a sufficient supply to ensure smooth delivery. As the monsoon season ends, distributors expect price increases. In the coming months, supply chain disruptions could lead to material shortages.
News
- The Indian Stainless Steel Development Association (ISSDA) has urged the government to impose a protective surtax on Chinese stainless steel imports. Citing unfair trade practices and non-WTO-compliant subsidies that benefit Chinese producers, the association expressed concerns about the impact on India's domestic industry, especially small and medium enterprises. With rising imports from China, ISSDA recommends a surtax similar to Canada's recent 25% tariff to protect Indian producers. The letter, addressed to Steel Secretary Sandeep Poundrik, calls for trade remedies to ensure a level playing field.
Expert Opinion
- Currently, the market shows price stability with consistent supply and demand patterns. However, this is expected to shift in the coming months, as distributors predict rising demand. Market trends should become clearer in a week or two.
Daily Market Report
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