TMT Prices Slide Further as Market Stays Weak; SEIL Makes Cricketing Move

Key Takeaways

• TMT Prices Continue to Fall:
  Rates declined by ₹500–₹1,000/ton across Mumbai, Delhi NCR, and Vizag as weak demand persists.
• Stable Supply Conditions:
  Distributors maintain healthy stock levels, ensuring steady product availability without major disruptions.
• Producers Offer Bigger Discounts:
  Manufacturers are applying selective price cuts to push volumes in a slow-moving market.
• SEIL Joins APL with Vizag Team:
  Steel Exchange India Limited enters cricket with a new franchise, aiming to build local pride through Simhadri TMT branding.
• Outlook Still Bearish:
  Experts expect further price corrections if buyer sentiment and market demand remain subdued this week.

Prices Trends for Primary TMT

Ex-Mumbai: 

Rs. 48,000- 48,500/ton 

Ex-Delhi NCR:

Rs.50,000 - 50,250/ton 

Ex-Vizag: 

Rs. 47,500- 48,000/ ton  

Note - Distributors across North, west and south has decreased the prices.  Above pricing is based on the same.

Demand & Supply Trends

In line with overall market conditions, prices continued to decline, reflecting persistent weakness in the sector.

On the supply side, sellers are reacting to soft demand by offering more competitive prices. Distributors, meanwhile, are keeping inventory levels stable, ensuring steady product availability and reducing the likelihood of supply chain issues.

Primary TMT Market Updates

Steel Exchange India Limited (SEIL), a prominent name in infrastructure steel, has announced the acquisition of the Vizag franchise in Andhra Premier League (APL). With deep roots in Andhra Pradesh, SEIL’s entry into the APL is expected to empower regional talent, promote a culture of sports, and strengthen community bonds.

Commenting on the development, Mohit Sai Kumar Bandi, executive director, and Bansidhar Bandi, vice president- operations said cricket is more than just a game in Andhra. 

“It’s a celebration of unity and spirit. Through this team, we aim to inspire the youth, represent Vizag with pride and carry forward our legacy of strength and trust under the banner of Simhadri TMT. With a dedicated marketing strategy, digital engagement, and .fan focused initiatives, our goal is to take this franchise beyond the field- building a brand that stands proudly for Andhra Pradesh" said Saikumar and Bansidhar.

Expert Opinion and Market Outlook

As demand continues to weaken, producers are increasingly offering more significant price cuts, though selectively. If this sluggish demand trend continues, additional price reductions are likely in the upcoming week. The slowdown is evident in both primary and secondary markets, signaling a widespread decline in buying activity and growing caution among consumers.

On the supply front, conditions remain steady. Distributors have sufficient stock to meet current needs, with no immediate risks of shortages or logistical issues. Meanwhile, manufacturers are receiving fewer new orders, suggesting they are adjusting production levels to match the lower demand. This approach helps prevent overstocking and avoids disruptions in operations