Structure Steel Demand Remains Strong as EPC Projects Expand
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The structure market shows strong demand driven by metro, smart city, and housing projects. Primary market prices are stable but set for potential increases as mills deal with high demand and limited production slots. Secondary market activity remains steady, with Raipur and Gobindgarh attracting mid-sized buyers. Early procurement and pre-booking are advised as price hikes loom due to rising input costs.
Key Takeaways
- Price Hikes Likely: Primary steel prices are expected to rise by Rs 300–Rs 500/MT due to steady demand and increased input costs.
- Strong Primary Market Demand: Chennai, Vizag, and Mumbai continue to lead in demand, with institutional orders keeping production allocations tight.
- Secondary Market Steady: Restocking remains active in the secondary market, especially for medium sizes like 100x50 and flats, with smooth logistics in South and Central India.
- Smart Cities Projects Boost Growth: The government’s Smart Cities Phase-II expansion is expected to further fuel demand for structural steel, with Rs 3,800 crore worth of tenders launched.
- Pre-Booking Recommended: Given tight supply, pre-booking is essential to ensure timely delivery, especially for high-demand items like ISMB 400+ and WPBs.
Structure Price Update
Primary Market (Base Prices for 100x50 Channel):
- Durgapur: Rs 54,200
- Chennai: Rs 58,400
- Vizag: Rs 57,800
- Mumbai: Rs 57,600
- Ghaziabad: Rs 56,700
Secondary Market Prices:
- Raipur: Rs 47,100
- Hyderabad: Rs 48,200
- Raigarh: Rs 47,700
- Chennai: Rs 49,200
- Mandi Gobindgarh: Rs 50,000
- Durgapur: Rs 47,700
Structure Demand & Supply
Primary Market
- Market sentiment stays positive amid robust demand from metro rail, smart cities, and ongoing infra projects.
- Lead times for WPBs and heavy ISMBs remain extended through late May, with limited rolling slots available.
- While fresh base prices are awaited from mills, indications suggest a likely upward revision of Rs 300–Rs 500/MT on the back of steady input costs and order flows.
- Chennai, Vizag, and Mumbai continue to lead in volume demand, with institutional orders keeping mill allocations tight.
- Large buyers are actively seeking pre-booking windows to ensure delivery continuity in Q2 FY26.
Secondary Market
- Steady restocking continues from fabrication yards and regional depots, supported by healthy downstream demand.
- Turnover remains strong in 100x50, flats, and medium angles.
- South and Central India seeing smoother logistics this week, aiding delivery turnaround.
- Raipur and Gobindgarh continue to offer attractive landed cost with reliable supply, driving procurement interest from small to mid-sized buyers.
Structure Market News & Updates
Demand for structural steel remains strong as new EPC packages and housing projects get underway. The Ministry of Urban Affairs has launched fresh tenders worth Rs 3,800 crore under the Smart Cities Phase-II expansion, further fuelling the sector’s growth. Steelmakers are gearing up for a 7–10% increase in May production targets compared to April. Industry experts anticipate a potential price rally if coal and sponge iron prices continue to rise through mid-May.
Expert Opinion
Secondary Market
- Focus on Fast Movers: Channels (75x40, 100x50), flats, and light angles are leading sales—ensure availability.
- Regional Buying Strategy: Explore deals in Raigarh and Gobindgarh for better pricing spreads.
- Stock Smart: Avoid bulk stocking in heavy RHS—opt for cycle-matched procurement.
Primary Market
- Pre-Booking Crucial: Mills expected to announce price hikes—early booking helps secure supply.
- High Demand Items: ISMB 400+ and WPBs remain in short supply—prioritize procurement planning.
- Watch Raw Material Trends: Freight and coal cost upticks could trigger mid-month price action.
Daily Market Report
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