Tight Supply & Strong Demand Keep Structural Steel Prices Steady

Key Highlights

• Secondary mills report a ₹200–₹400/MT price uptick due to tight supply.
• Strong demand continues for ISMC 75x40, ISMC 100x50, and Angle 65x65.
• Primary mills maintain stable pricing and expect minor revisions soon.
• Fabricators lift steady volumes; small and mid-size sections remain scarce.

Structural Steel Market Steady With Bullish Secondary Sentiment

Base Prices for 100x50 Channel (Primary Mills)

• Durgapur: ₹49,600
• Chennai: ₹53,200
• Vizag: ₹52,000
• Mumbai: ₹52,800
• Ghaziabad: ₹51,200

Secondary Market Prices

• Raipur: ₹46,500
• Hyderabad: ₹49,800
• Raigarh: ₹47,300
• Chennai: ₹48,100
• Mandi Gobindgarh: ₹48,600
• Durgapur: ₹47,000

Primary Market – Mildly Positive Sentiment

Primary structural mills continue to maintain a stable to slightly positive bias, supported by strong movement in the secondary segment and steady buying from trade channels. Stockists in the West and South are replenishing actively, while East India and NCR remain cautious due to slow fund rotation.

Demand for ISMB 250–400, WPB 200, and ISMC 100x50 remains firm, driven by ongoing infrastructure, metro, and fabrication projects.

Secondary Market – Firm to Bullish

The secondary market continues to show strong fundamentals, with active spot trade across key hubs.

• Raipur, Mandi Gobindgarh, and Durgapur report tight availability in small and mid-sized channels.
• ISMC 75x40, Angles 65x65, and Flats (10–12 mm) are moving quickly with minimal cash discounts.
• Fabrication units in Chhattisgarh, Odisha, and Telangana are lifting steady lots of 8–20 MT.
• Yard inventories remain low despite high mill utilization, as selective rolling is causing shortages, especially in 65x65 and 75x40 channels.

Demand & Supply: Tight Supply in Small Channels Fuels Price Momentum

Post-festive liquidity has improved, supporting better movement and billing across trade hubs.
Credit supply remains tight, with mills offering only 0.5–0.75% cash discounts.
The export market is weak, but domestic demand from infrastructure and industrial projects continues to absorb most production.

Market Developments

Tight Supply Zones

Raipur • Mandi Gobindgarh • Durgapur
(short availability in equal angles and small channels)

Fast-Moving SKUs

ISMC 75x40 • ISMC 100x50 • Angle 65x65 • Flats 10–12 mm

Fabrication Demand

Consistent 10–25 MT project-based orders from fabrication and civil construction.

Expert Recommendations

For Secondary Market Buyers

• Cover near-term requirements for November dispatches.
• Expect a ₹200–₹400/MT upward movement if tight supply persists.
• Prioritize booking small channel and angle sections.

For Primary Market Buyers

• Adopt a wait-and-watch approach until mid-November mill circulars.
• Mild upward revisions are likely if secondary prices continue strengthening.
• Book selectively for ISMB and WPB sections due to firm demand.

Overall Market Sentiment

• Secondary Segment: Bullish → strong demand, tight supply, low inventories
• Primary Segment: Neutral to positive → possible small upward correction
• Contractors: Healthy consumption from infra and industrial projects

Near-Term Outlook

• Secondary Prices: Expected to hold firm with a ₹200–₹400/MT upward bias.
• Primary Prices: Likely to remain stable to slightly firmer depending on mill circulars.
• Buyer Strategy: Secure early November dispatches before further tightening in small and mid-sized sections.