Electrical Utilities
Nexizo is your one-stop platform for all electrical goods news, electrical product prices, and government tenders for the procurement of wires and other similar...
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Daily Market Report
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Stainless Steel Market Stays Strong as Nickel and Copper Edge Higher, Demand Surges
Stainless steel prices remain stable, with Nickel and Copper gaining. The 200 series sees strong demand due to import shortages, while the 300 and 400 series show gradual improvement. Experts predict price stability for the 400 series and an upward trend for the 300 series due to currency fluctuations. Meanwhile, Taiwan maintains anti-dumping duties on Chinese and Korean imports.
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Structure Steel Prices Mixed as Primary Market Sees Hike, Secondary Declines
Structure steel prices saw mixed trends, with primary players SAIL, JSPL, and RINL raising prices this month by Rs 500/MT, while the secondary market declined due to weak demand. Heavy beams, angles, and channels in the primary market are selling out fast, causing supply constraints. Experts anticipate continued weakness in the secondary market as demand remains subdued.
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Primary TMT Market Strong as Distributors Hike Rates Across Key Markets
Primary TMT prices increased across North, West, and South India, with Mumbai and Delhi NCR rates touching Rs 52,500/MT. Demand is expected to grow by 8-9% in 2025, driven by infrastructure and construction projects. However, competitive imports, especially from China, continue to challenge domestic manufacturers. Experts warn that market volatility and imports may impact pricing, making government intervention crucial for industry stability.
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