Structure Prices Rise Amid Increased Demand; Tata Steel Expands Capacity
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252FChannel_64b775b18a.png&w=1920&q=100)
Structure prices in the secondary market have seen increases across Raipur, Hyderabad and Mandi, while Chennai and Durgapur remain stable. Meanwhile, Tata Steel has commissioned India's largest blast furnace, significantly boosting its production capacity.
Structure Price
- Secondary Market: Raipur up by Rs 500, Durgapur stable, Hyderabad up by Rs 300, Mandi up by Rs 400, Chennai stable.
- Primary market: Monthly rates revision are as follows: JSPL & RINL roll over, SAIL up by Rs 500 this month.
- Prices for secondary structures are as follow (Channel 100x50)
- Ex-Raipur: Rs 46,200/ton
- Ex-Hyderabad: Rs. 46,600/ton
- Ex-Raigarh: Rs 46,200/ton
- Ex-Chennai: Rs. 47,300/ton
- Ex-Mandi Gobindgarh: Rs. 47,700/ton
- Ex-Durgapur: Rs. 45,300/ton
- The offers for 100 x 50 Channel in the Primary Structural Steel market are as follows:
- Ex-Durgapur: Rs. 52,500/ton
- Ex-Chennai: Rs. 56,000/ton
- Ex-Hyderabad: Rs. 54,500/ton
- Ex-Ahmedabad: Rs. 55,000/ton
- Ex-Ghaziabad: Rs. 54,500/ton
Structure Supply & Demand
- Primary: Since the RINL facility is on the verge of closing and is not producing, there is a severe scarcity of RINL material throughout India, and since it is the only producer of round bars, some round bars are still unavailable. In many regions, huge structural sections are uncommon, even thought they are absolutely necessary. There is a material shortage on the market right now, which is having a major impact on supply.
- Secondary: There are no supply problems for the secondary mills because they have excess inventory for the usual sizes. The main reason for the delays in receiving orders for higher sizes is the absence of order books as a result of the mills' inadequate rolling capacity. Secondary market demand is increasing now.
Structure News
- Tata Steel has commissioned India's largest blast furnace at its Kalinganagar plant, Increasing its steel production capacity from 3 million tons to 8 million tons annually. The company has invested Rs 27,000 crore in this expansion and has plans for further growth. It aims to reach a production capacity of 40 million tons by 2030.
Expert Opinion
- SAIL has upped its prices, and JSPL and RINL have rolled over their prices to reflect this month's market pricing. SAIL prices have increased as a result of a shortage of plant supplies. RINL Round bars are quite popular and can be purchased for a premium price, depending on availability.
- Since the secondary market mostly deals with upper-priced goods from yesterday because sponge iron prices increase and market demand of secondary item increasing.
Daily Market Report
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_4_f1e676f185.png&w=3840&q=75)
TMT Prices Stable, Demand Surge Expected
Primary TMT prices remained stable in the last week of August, with Mumbai and Delhi NCR prices at Rs. 50,500-51,000/ton and Vizag at Rs. 49,000-49,500/ton. Distributors anticipate increased demand as the monsoon ends, potentially leading to price hikes in September.
Read Story
%2Fhttps%253A%252F%252Fofbadmin.s3.ap-southeast-1.amazonaws.com%252Fnexizo%252Fproduction%252Fstrapi%252Ftmt_3f051e2fb7.png&w=3840&q=75)
Primary TMT Prices Stable, Expected to Revise with Demand Shifts
Primary TMT prices remained stable this week but are expected to be revised soon. Distributors are open to negotiating, and supply is adequate. Experts foresee price increases in September as demand improves with the end of the rainy season.
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%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%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%252Fd86af0gufpxog.cloudfront.net%252Funsafe%252Fadaptive-fit-in%252F105x89%252Ffilters%253Aformat(webp)%252Fhttps%25253A%25252F%25252Fofbadmin.s3.ap-southeast-1.amazonaws.com%25252Fnexizo%25252Fproduction%25252Fstrapi%25252Fhot_rolled_steel_coil_roll_o0_Q4an9_600_fe306f6654.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%25252FHR_Plate_4c9d03721e.png&w=3840&q=75)
%2Fhttps%253A%252F%252Fnexizo.ai%252Fassets%252Fbg-png-msite.png&w=3840&q=30)