Primary TMT Prices Strong as Distributors Anticipate Further Increases
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Primar TMT prices have remained strong, with rates in Mumbai and Delhi NCR at Rs. 54,500-55,000/ton, and Rs. 52,500-53,000/ton in Vizag. Material shortages are disrupting supply, and distributors expect further price hikes. Meanwhile, JSW Steel has partnered with BHP and Carbon Clean to advance carbon capture technology in steelmaking to address India’s high emission levels.
Primary TMT Prices
- Prices are as follows: Ex-Mumbai: Rs. 54,500-55,000/ton Ex-Delhi NCR: Rs. 54,500-55,000/ton Ex-Vizag: Rs. 52,500–53,000/ton
- Note - Distributors across North, West and South have increased prices. Above pricing is based on the same.
Primary TMT Demand & Supply
- This week has seen a sharp increase in the rates of plants, and costs are rising consistently. The distributors' supply and demand pattern is being disrupted because of material shortage. The distributors anticipate more price rises in the coming days. The demand trend has increased within the last week. Prices on the market are volatile, but a distinct image will appear in a few days.
Primary TMT News
- JSW Steel partnered with BHP, Carbon Clean to work on capture technology. India's steel sector accounts for 12% of India's greenhouse gas emissions, with an emission intensity of 2.5 tons of CO2 per ton of crude steel.
Expert Opinion
- The distributors predict big price rises in the coming weeks. Even while demand has increased, there is a worrying material deficit that will influence supply and demand in the months to come.
Daily Market Report
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