Primary TMT Prices Stable; Tata Steel Expands Kalinganagar Plant with Rs 27,000 Crore Investment
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Primary TMT prices are stable at Rs. 51,000-51,500/ton in Mumbai and Delhi NCR, and Rs. 49,500–50,000/ton in Vizag. Despite current stability, distributors expect price increases due to rising demand and supply constraints. Meanwhile, Tata Steel plans a significant Rs 27,000 crore expansion of its Kalinganagar plant to 8 MTPA.
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
- Despite the apparent stability of market pricing, distributors anticipate price increases in the near future due to increasing demand and restricted supply owing to wagon allocation. Even if supply and demand are currently equal, things might not stay that way in the near future.
Primary TMT News
- Tata Steel has announced to significantly expand its Kalinganagar plant in Odisha, taking its capacity from 3 million tons per annum (MTPA) to 8 MTPA shortly at an investment of Rs 27,000 crore. This phase-two expansion will position the state as the largest investment destination for Tata Steel. “Even as the company is on the verge of commissioning its expanded capacity in Kalinganagar (to 8 MTPA), Tata Steel believes that the plant has a further scope to double this to 16 MTPA in the coming years, which will further strengthen Odisha’s role in Tata Steel’s growth journey,” the company said in a statement.
Expert Opinion
- As the monsoon season draws to a close, market demand will rise over the next few months. Because of the current stagnant demand, prices are steady. Distributors anticipate increased prices from primary mills in the upcoming week. It'll become clear after four or five days.
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