Structure Prices Remain Stable as Demand Increases in Secondary Market
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Structure prices remain stable in the secondary market. The supply of hefty beams and channels remains limited, but secondary market demand is rising. Experts expect the secondary market to continue expanding, driven by rising demand, with prices likely to increase in the short term. Meanwhile, steel makers are calling for protectionist measures in the upcoming Budget.
Key Takeaways
- Price Stability in Secondary Market: Prices remain unchanged across regions today, indicating a stable outlook.
- Supply Issues in Primary Market: Some beams, angles, and channels remain in short supply, expected to resolve by month-end.
- Increased Secondary Market Demand: Rising demand is pushing prices higher, with adequate raw material availability.
- Primary Market Price Hike: SAIL, JSPL, and RINL raised prices by Rs 500/mt this month as demand grows.
- Budget Expectations: Steel makers hope for protectionist measures and fiscal incentives in the upcoming Budget to alleviate input cost pressures.
Structure Prices
Secondary Market: Prices stable today in all regions.
Primary market: In this month’s price revision, SAIL, JSPL and RINL are all up by Rs 500/mt.
The offers for 100 x 50 Channel in the Secondary Structural Steel market are as follows:
Ex-Raipur: Rs 45,700/mt
Ex-Hyderabad: Rs. 47,300/mt
Ex-Raigarh: Rs 45,700/mt
Ex-Chennai: Rs. 47,600/mt
Ex-Mandi Gobindgarh: Rs. 47,700/mt
Ex-Durgapur: Rs. 44,900/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 and Demand
- Primary: There are several hefty beams, angles, and channels that the distributor is unable to get. These portions should arrive by the end of this month, based on SAIL's rolling schedule. The supply problem in the primary market has not yet been fully resolved.
- Secondary: There are a plenty of available raw materials and an adequate quantity of completed commodities. As a result of increased demand, market prices are currently rising.
Structure News:
- Steel makers expect protectionist measures in the upcoming Budget to prevent dumping. AMNS India CEO Dilip Oommen hopes for continued infrastructure focus and ease of doing business.
- JSW Steel’s Jayant Acharya stresses the need for a level playing field and trade protection. Synergy Steels' Anubhav Kathuria suggests fiscal incentives to offset high input costs.
Expert Opinion
Rising demand is currently driving the secondary market's expansion, which is expected to continue this week.
Daily Market Report
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