Structure Steel Prices Firm as Pre-Bookings Surge Across India; Mills Hint at Hikes
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Structure steel prices remain firm across regions, with primary mills in Chennai and Vizag reporting full bookings until mid-May. Demand from EPCs and infrastructure projects is keeping rolling mills busy, while secondary markets in Raipur and Gobindgarh see brisk sales. With rising coking coal and freight costs, mills may introduce a second round of price hikes by mid-May.
Key Insights
- Primary Prices Stable but Tight: Chennai and Vizag mills are fully booked till mid-May, with strong demand from EPC and infra segments.
- Secondary Market Volumes Surge: Raipur and Gobindgarh yards are seeing active buying, especially in light and mid-sized sections.
- Pre-Booking Urged for Q2: EPCs are locking in orders early; delays may lead to unavailability or premium pricing.
- Raw Material Costs Rising: Imported coking coal and freight inflation may pressure mill margins and drive further price hikes.
- Best Deals in Central India: Raipur and Raigarh offer optimal pricing for mid-sized secondary structural steel orders.
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 (Base Prices for 100x50 Channel):
- 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
- Healthy order flows from infrastructure, metro rail, and industrial EPCs are keeping rolling mills on full schedules.
- Pre-booking windows for ISMBs and WPBs are tightening further, especially for sizes above 400mm. Chennai and Vizag mills report full capacity booking until mid-May.
- Procurement managers are advised to lock in Q2 requirements early, as market indicators point to further price strengthening if coking coal and sponge iron costs rise as projected.
Secondary Market
- Secondary structural yards are witnessing brisk activity amid sustained restocking. Demand remains firm in 100x50 channels, flats, and angles, especially in Central and Southern regions.
- Price parity between primary and secondary markets remains favourable in Raipur and Gobindgarh, pushing higher volumes from small and medium fabricators.
- Improved logistics in South India continue to support delivery consistency.
Structure Market News & Updates
- Major EPC players have started material planning and pre-booking of structural steel requirements, adding further upward pressure on availability.
- Meanwhile, integrated steel plants are ramping up May output by 10–12%, anticipating stronger demand momentum. Raw material price inflation, especially in imported coking coal, remains a key watchpoint for mill margins and upcoming price strategies.
Expert Opinion
Secondary Market
- Focus SKUs: Stay stocked on fast movers—channels (75x40, 100x50), flats, light angles.
- Buying Zones: Raipur and Raigarh still offer the best landed cost for mid-volume orders.
- Procurement Tip: Maintain lean inventory on heavy sections; prioritize rotation-friendly sizes.
Primary Market
- Book Ahead: With mill hikes confirmed, early booking is essential to ensure availability and avoid last-minute premiums.
- High-Traction Products: ISMB 400+, WPBs, and GP coils in demand—watch booking status daily.
Raw Material Watch
- Rising freight and coal costs could trigger a second round of price hikes by mid-May—plan accordingly.
Daily Market Report
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