Secondary Structure Markets Stay Steady; India's Steel Demand Expected to Grow 8-9% in 2025
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FChannel_1_dccd5fb600.png&w=1920&q=100)
Steel structure prices have seen a Rs 500/mt increase in the primary market this month, while secondary market prices remain stable across regions today. Supply issues are being resolved, with the SAIL IISCO facility coming back online and secondary mills having ample material. India’s steel demand is expected to rise by 8-9% in 2025, driven by sectors like construction and infrastructure.
Key Takeaways
- Secondary Market Stability: Secondary prices remain stable, with no changes across key regions like Raipur, Hyderabad, and Chennai.
- Primary Price Increase: Primary market prices for structures rose by Rs 500/mt; current base prices range from Rs 55,750 to Rs 59,250.
- Supply Shifts: Supply issues at SAIL's IISCO facility are being resolved, while more RINL sections are becoming available.
- Domestic Demand Growth: India’s steel demand growth is expected to reach 8-9% in 2025, driven by housing and infrastructure.
- Market Outlook: Secondary market demand is slow, but expected inquiries could drive growth in the coming weeks.
Structure Prices
Secondary Market: Secondary markets stable today in all regions.
Primary market: In this month’s price revision, SAIL, JSPL and RINL are all up by Rs 500/mt.
Ex-Raipur: Rs 45,600/mt
Ex-Hyderabad: Rs. 47,100/mt
Ex-Raigarh: Rs 45,600/mt
Ex-Chennai: Rs. 47,400/mt
Ex-Mandi Gobindgarh: Rs. 47,500/mt
Ex-Durgapur: Rs. 44,500/mt
The offers for 100 x 50 Channel in the Primary Structural Steel market are as follows:
Ex-Durgapur: Rs. 55,750/mt
Ex-Chennai: Rs. 59,250/mt
Ex-Hyderabad: Rs. 57,750/mt
Ex-Ahmedabad: Rs. 58,250/mt
Ex-Ghaziabad: Rs. 56,250/mt
Structure Supply & Demand
- Primary: Even though the SAIL IISCO facility is fully operational, the distributor still cannot access a number of Heavy Beams and Channels. According to SAIL's rolling schedule, these parts should arrive by the end of this month. Further, more and more providers are offering RINL sections that are easily accessible. The main supply problem is being resolved at the moment.
- Secondary: Secondary mills are not concerned about shortages because they have enough finished material and no problems with raw materials. The producer is giving a discount due to the low demand.
Structure News
- India is expected to outpace major steel-consuming economies in 2025, with demand growth projected at 8-9%, according to CRISIL's Market Intelligence and Analytics report. This growth will be driven by steel-intensive construction in housing and infrastructure, along with stronger demand from engineering, packaging, and other sectors.
- However, the report highlights concerns over domestic steel supply, as India saw an 11% increase in demand. The steel industry faced challenges in 2024, with finished steel imports rising by 24.5% and exports falling by 6.4%, leading to an additional 3.2 million mt of steel available in the market, accounting for 2% of total demand.
Expert Opinion
Slow demand is expected to cause the secondary market to decline. But as inquiries pour in over the following week, it is expected to grow. Closing will take time, though.
Daily Market Report
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstructure_4010d97e42.png&w=3840&q=75)
Structure Steel Markets Stable Despite Supply Challenges; Secondary Mills Offer Discounts
Structure steel prices remain stable in the secondary market, while primary prices saw an increase of Rs. 500/mt. Supply issues in the primary market are being resolved, with heavy beams and channels expected to arrive soon. Secondary mills face no raw material shortages but are offering discounts due to subdued demand.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Fstructure_149e81f2bd.png&w=3840&q=75)
Structure Prices Stable; Indian Steelmakers Brace for Profit Decline Amid Cheaper Imports
Secondary structure prices remain stable today, with minor discounts due to low demand. SAIL’s rolling schedule promises improved heavy beam and channel supply by month-end, while secondary mills maintain adequate inventory. Experts predict short-term demand dips but expect a recovery in secondary markets with new inquiries. Indian steelmakers face profit declines despite rising consumption.
Read Story
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FHa08c7e9a3cf943f29d69b7606b38b352s_jpg_300x300_f268497e79.webp&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Fmschannel_b401ab2b0f.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Fms_beam_1b01fba88a.JPG&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252FTMT_Fe_550_D_d1944141c6.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252F16493_1317_image_0_d2f7b743ad.jpg&w=3840&q=75)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fbg-png-msite.png&w=3840&q=30)
%2Fhttps%253A%252F%252Fd3dhalnpawfxbg.cloudfront.net%252Fproduction%252Fnexizo%252Fnexizo.ai%252F_next%252Fassets%252Fved.png&w=128&q=75)