Primary TMT Prices Steady as Demand Rises in Key Markets; Supply Recovery Expected Soon
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Primary TMT prices remain stable, with rising demand and limited supply pointing to potential price increases. The market shows positive signs, with supply disruptions expected to ease in the coming days. Meanwhile, PM Modi’s Vizag Steel Plant package raises debates over its long-term impact, despite immediate relief.
Key Insights
- Stable Prices: Primary TMT prices remain steady at Rs 51,500-52,000/mt in Mumbai and Delhi NCR, Rs 50,000-50,500/mt in Vizag.
- Rising Demand: Market enquiries and conversion ratios are increasing, hinting at potential price hikes next month.
- Supply Shortages: Material availability is limited in some segments, but production is expected to resolve shortages soon.
- Vizag Steel Plant Debate: PM Modi’s Rs 11,440-crore package for VSP raises concerns about unresolved raw material costs and privatization focus.
- Upward Market Trend: Experts predict an upward price movement as demand strengthens in the primary TMT segment.
Primary TMT Prices
- Prices are as follows (size 12 to 32mm): Ex-Mumbai: Rs. 51,500-52,000/mt Ex-Delhi NCR: Rs. 51,500-52,000/mt Ex-Vizag: Rs. 50,000-50,500/mt
- Note - Distributors across North, West and South are stable. Above pricing is based on the same.
Primary TMT Demand & Supply
The market trend seems positive as the flow of enquiries and conversion ratio has increased from past weeks. The prices may increase in the coming month as demand is increasing. Material availability with the distributors is less in some sections, but it will be filled in some days as the material is under production. The demand and supply will not be an issue in a few days.
Primary TMT News
- Vizag Steel Plant: Modi's Rs 11,440-Crore Package Raises More Questions Than Answers.
- PM Modi announced a Rs 11,440-crore “special package” for Vizag Steel Plant (VSP) on January 18, 2025, sparking questions about its timing, structure, and impact.
- The NDA government and media praised it as a revival plan, with CM Naidu and Deputy CM Pawan Kalyan hailing it as hope for VSP. Even the opposition YSR Congress claimed credit, citing VSP’s past profits and opposing its 2021 privatisation.
- The package includes Rs 10,000 crore in equity, offering relief, and Rs 1,440 crore in preferential shares, requiring repayment. However, VSP’s key issue—lack of captive iron ore mines—remains unaddressed. Reliance on costly raw materials continues to hurt operations, aligning with the government’s privatisation focus. Without resolving this, the package offers only temporary relief, leaving VSP vulnerable.
Expert Opinion
The demand in the market has increased from last week. The supply and demand is little disrupted because of shortage of material in the primary segment. As the current trend suggests, the market will move upward in terms of pricing and demand.
Daily Market Report
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