Structure Prices See Temporary Hike, Supply Challenges Emerge for Heavy Beams & Channels

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14 Jan 20252 Min ReadDaily Market Report

The structure market has seen price increases across primary and secondary markets, with notable surges in Chennai, Hyderabad, and Raipur. Supply challenges persist, especially in primary markets, despite increased operational capacity at key facilities. Secondary mills are experiencing low demand, leading to temporary discounts.

Key Takeaways

Secondary Price Increase: Secondary market prices rose today, with Chennai seeing a Rs 300 increase, Hyderabad Rs 400, and Raipur Rs 200.
Primary Price Trends: Primary prices have increased by Rs 500/mt this month across major producers like SAIL, JSPL, and RINL.
Primary Supply and Demand Dynamics: Limited availability of specific heavy beams and channels is a challenge. RINL round bars have been reintroduced, improving supply options.
Secondary Market Supply: Ample stock of finished materials is available, but low demand has led to temporary discounts.
Steel Industry Growth: India is expected to lead major steel-consuming economies with an 8–9% demand growth in 2025, fuelled by infrastructure and housing projects.

Structure Prices

Secondary Market: Raipur and Mandi up by Rs 200, Hyderabad up Rs 400, Chennai up by Rs 300, and Durgapur up by Rs 100.
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 Steel market are as follows:
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 and Demand

Primary: Even though the SAIL IISCO facility is fully operational, the distributor still cannot access certain Heavy Beams and Channel. According to SAIL's rolling schedule, these sections are anticipated to arrive by the end of this month. Moreover, suppliers are now offering RINL round bars that were not available before. The main issue concerning supply at present is being dealt with.
Secondary: Secondary mills are not concerned about shortages because they possess enough finished material. The producer is providing a discount due to low demand.

Structure News

India is set to outpace major steel-consuming economies with 8-9% demand growth in 2025, driven by steel-intensive construction and higher demand from engineering and packaging sectors, according to CRISIL.
The report highlights concerns about domestic supply, with 2024 seeing an 11% demand increase, 24.5% higher imports, and a 6.4% drop in exports, adding 3.2 million tonnes of finished steel to the market. Imports from China, including hot-rolled coils (HRC), surged significantly, creating price pressure on domestic steel.