Primary TMT Prices Unchanged; India to Retaliate Against EU’s Steel Tariffs
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Primary TMT prices remain stable across Mumbai, Delhi NCR, and Vizag, with no major demand or supply fluctuations. However, distributors expect price hikes in the coming months as the monsoon season ends. In response to EU steel tariffs, India plans to impose retaliatory measures that could affect the steel industry further.
Primary TMT 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 North, West and South have increased prices. Above pricing is based on the same.
Primary TMT Demand & Supply
- There has been no change in the market prices. Demand in the market seems to be staying the same. There is an adequate supply of the material with the wholesalers to ensure a smooth delivery. As the monsoon season draws to a close, distributors expect price hikes in the months ahead. Material availability will be a problem in the coming months since it will disrupt the supply chain.
Primary TMT News
- India informed the WTO that it has decided to impose retaliatory measures against the European Union’s steel tariffs, which have been in place since 2018, and were extended till June 2026. The move comes after bilateral engagements with the EU had failed earlier this year.
Expert Opinion
- Pricing stability and a steady supply and demand pattern are now being observed in the market. It will change in the coming months as distributors expect market demand to increase. The market trend will become clear in a week or two.
Daily Market Report
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